The BoC lifts its GDP growth forecast to 2.4% from 2% in its quarterly Monetary Policy Report,...

|By:, SA News Editor

The BoC lifts its GDP growth forecast to 2.4% from 2% in its quarterly Monetary Policy Report, and repeats yesterday's notice of a "modest withdrawal" of stimulus being appropriate. The bank also notes an unfavorable fall in the country's oil export prices (WTI) in relation to oil import prices (Brent) as troublesome for the economy.