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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.
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. Two expected a 50bps cut.
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 disappointing economic performance.
South Africa's Reserve Bank is expected to cut interest rates for the first time in more than two years - by 25 basis points to 8.00% - on Sept. 19, according to a Reuters poll of economists who ...
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.
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 ...
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.
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