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South African Reserve Bank Governor Lesetja Kganyago said inflation could fall below 4% in coming months, creating more room for action after officials cut interest rates in September.
South Africa's rand, government bonds and stocks strengthened on Thursday after the South African Reserve Bank (SARB) trimmed its main lending rate, citing well-contained inflation.
The South African Reserve Bank has constructed a new inflation measure to monitor underlying price developments that will help support monetary policy decision making.
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South African Reserve Bank Cuts Main Repo Rate to 7.25% - MSN
The South African Reserve Bank cut its main repo rate by 25 basis points to 7.25% on Thursday, as tensions with the U.S. continue amid ongoing global uncertainty.
JOHANNESBURG (Reuters) - The South African Reserve Bank (SARB) will likely keep interest rates steady at its March 20 meeting as global trade risks and battles over the national budget keep ...
JOHANNESBURG—The South African Reserve Bank on Thursday maintained its main repo rate at 8.25% in an effort to keep inflation in check amid general uncertainty at home and abroad.
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