8 Articles
8 Articles
South African central bank keeps repo rate unchanged at 7.5 pct
JOHANNESBURG, March 20 (Xinhua) -- The South African Reserve Bank (SARB) has kept the repo rate unchanged at 7.5 percent due to inflation remaining within the target range, the central bank announced on Thursday. Read full story
Reserve Bank holds interest rate at 7.5% – The Mail & Guardian
The South African Reserve Bank held interest rates at 7.5%, citing global economic uncertainty and upside risks to inflation, governor Lesetja Kganyago announced on Thursday. The widely expected decision was split between the committee members, with two members favouring a 25 basis point cut, and four preferring the decision to hold. The prime interest rate stays at 11%. “For several quarters we have enjoyed rising confidence in South Africa,…
Missed chance: South Africa's interest rate freeze draws property market concerns
Source: [[https://www.pexels.com/search/city%20building/ Pexels]]The decision by the Monetary Policy Committee of the South African Reserve Bank to retain the interest rate at the current level of 7.50% (prime rate at 11%) is disappointing, and a missed opportunity to provide vital relief to consumers and property buyers, and a boost to the economy, says Samuel Seeff, chairman of the Seeff Property Group. Read more...
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