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South Africa: Hard Times Ahead for South Africa After Rate Hike
allAfrica, 22 November 2018
Lesetja Kganyago, Governor of the South African Reserve Bank, has announced that the repo rate will rise from 6.5% to 6.75%. The decision was not made lightly, Kganyago said, as… Read more »
Hard Times Ahead for South Africans After Rate Hike
Lesetja Kganyago, Governor of the South African Reserve Bank, has announced that the repo rate will rise from 6.5% to 6.75%. The decision was not made lightly, Kganyago said, as three of the bank's monetary policy committee preferred an unchanged stance while three others voted for a 25 basis point hike.
Documents
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22 November 2018
Statement of the Monetary Policy Committee, 2018
- Publisher:
- South African Reserve Bank
- Publication Date:
Since the previous meeting of the Monetary Policy Committee (MPC), the near-term inflation outlook has improved, however, the longer term risks to the ... see more »
