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SARB sees financial system staying resilient despite Iran war
SARB sees financial system staying resilient despite Iran war South Africa's central bank said on Wednesday the country's financial system was likely to remain resilient despite tighter financial conditions and monetary policy stemming from the Iran war. Africa's biggest economy started to pick up pace last year and investor sentiment brightened on signs of fiscal discipline, but the Iran war has dampened the near-term outlook as it has rippled through oil markets, capital flows and household finances. "The oil price shock is expected to continue to exert inflationary pressure, potentially…
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