The South African Reserve Bank has kept the repo rate unchanged at 3.5%, in line with economists' expectations. During a media briefing on Thursday, Reserve Bank Governor Lesetja Kganyago said that all members of the Monetary Policy Committee were in favour of keeping the repo rate on hold. According to the central bank, core inflation is revised higher to 3% in 2021, from 2.9% estimated previously. Headline consumer price inflation for 2021 has been revised slightly higher to 4.4%, up from 4.3%.
from Engineering News | Home https://ift.tt/3lQCSEa
