Governor Lesetja Kganyago

South African Central Bank Holds Repo Rate At 7%

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PRETORIA   – South Africa’s central bank kept its benchmark repo rate steady at 7 percent on Thursday, as expected, citing concerns about the inflation outlook, even though it cut its growth forecasts.

“While the inflation outlook has improved over the near term, the longer term trajectory is unchanged and uncomfortably close to the upper end of the target range,” Governor Lesetja Kganyago said.(Reuters)


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