2000

UNITED DEMOCRATIC MOVEMENT

MEDIA RELEASE

 

RISE IN APRIL INFLATION FIGURES

STATEMENT ISSUED BY GERHARD KOORNHOF, MP
UDM SPOKESPERSON FOR FINANCE

The UDM is concerned about the higher than expected rise of inflation for the month of April. The Reserve Bank's Monetary Policy Committee will have to demonstrate at their next meeting how it intends handling the situation.

The UDM hopes that the Reserve Bank will not unnecessarily focus on keeping inflation within a specific target range at the expense of continuous economic growth, which is what we require to create jobs in a jobless society.

Enquiries:
Dr Gerhard Koornhof, MP
UDM Spokesperson for Finance

Cape Town
17 May 2000