South African Reserve Bank Governor Lesetja Kganyago attends a press conference during the IMF/World Bank spring meeting in Washington, U.S., April 21, 2018. REUTERS/Yuri Gripas/File Photo
South African Central Bank Keeps Repo Rate at 6.75 Percent
South Africa’s central bank kept its benchmark repo rate unchanged at 6.75 percent on Thursday in a unanimous decision, saying it assessed the risks to the inflation outlook to be more or less balanced. All economists surveyed by Reuters predicted the repo rate would remain on hold. (Reporting by Mfuneko Toyana, Tiisetso Motsoeneng and Naledi […]
South African Reserve Bank Governor Lesetja Kganyago attends a press conference during the IMF/World Bank spring meeting in Washington, U.S., April 21, 2018. REUTERS/Yuri Gripas/File Photo
South Africa’s central bank kept its benchmark repo rate unchanged at 6.75 percent on Thursday in a unanimous decision, saying it assessed the risks to the inflation outlook to be more or less balanced.
All economists surveyed by Reuters predicted the repo rate would remain on hold.
(Reporting by Mfuneko Toyana, Tiisetso Motsoeneng and Naledi Mashishi; Writing by Alexander Winning; Editing by Olivia Kumwenda-Mtambo)