South African Central Bank surprises as it holds key rate

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South African Central Bank surprises as it holds key rate
*Committee maintains benchmark interest rate at 6.75% *Decision expected by four of 24 economists in survey 21 September 2017, Johannesburg — The South African Reserve Bank unexpectedly kept its benchmark lending rate unchanged because it’s concerned about higher inflation expectations. The rand rallied. The central bank’s Monetary Policy Committee maintained the key repurchase rate at […] More »
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