Free Trial

S. African Central Bank Keeps Interest Rates Unchanged

SARB

The South African Reserve Bank voted 3-2 to leave interest rates on hold, with the two dissenters backing a 25bp increase. The outcome is in line with expectations.

  • Governor Kganyago says that "serious upside risks to the inflation outlook remain" and the MPC stands ready to react if these risks materialise.
  • The Committee wants to see inflation and inflation expectations anchored at the +4.5% Y/Y mid-point of its target range.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.