Trump indicated that Powell’s handling of an extensive renovation project on two Fed buildings could be grounds to fire him.

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—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.

All but two of 22 economists surveyed in the past week said the South African Reserve Bank (SARB) would cut rates by 25 basis points (bps) to 7.75% at its Nov. 21 meeting.

South Africa's Finance Minister Enoch Godongwana sits on the day of his 2025 budget speech in Cape Town, South Africa, March 12, 2025. REUTERS/Esa Alexander By Vuyani Ndaba ...

By Alexandra Wexler . JOHANNESBURG--The South African Reserve Bank held its main repo rate at 7.5% on Thursday, as tensions with the U.S. continue to rise amid escalating global uncertainty.

The South African Reserve Bank has constructed a new inflation measure to monitor underlying price developments that will help support monetary policy decision making.. Supercore inflation is made ...