English>

MarketNews

South African Reserve Bank keeps repo rate at 6.5% - REUTERS

NOVEMBER 21, 2019

PRETORIA, Nov 21 (Reuters) - The South African Reserve Bank kept its repo rate unchanged at 6.5% on Thursday, saying that the overall risks to the inflation outlook were balanced.

Twenty-one of the 28 economists polled by Reuters last week said the repo rate would remain on hold, while the remaining seven said the monetary policy committee (MPC) would cut rates by 25 basis points (bps).

Three members of the MPC preferred to keep the repo rate on hold and two preferred a cut of 25 bps. (Reporting by Mfuneko Toyana and Naledi Mashishi Writing by Alexander Winning Editing by Tim Cocks)

SEE HOW MUCH YOU GET IF YOU SELL

NGN
This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services
Real Time Analytics