S. African Central Bank Holds Key Rate Unchanged

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Tuesday, the South African Reserve Bank maintained its key interest rate at 7% per annum. The decision was in line with expectations.

Policymakers assessed that risks to the inflation outlook appear to be fairly evenly balanced. "Given the current policy stance, inflation is expected to continue moderating and return to within the inflation target range during the forecast period."

Tuesday, the South African Reserve Bank maintained its key interest rate at 7% per annum. The decision was in line with expectations. (Market News Provided by RTTNews)