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Sarb leaves record low interest rates unchanged

19 November 2020 3:28 PM
Tags:
South African Reserve Bank
Interest rates
Sarb
Repo rate
Inflation
Lesetja Kganyago
CPI
Consumer Price Index

SA’s repo rate remains unchanged at 3.5%, announced South African Reserve Bank (Sarb) Governor Lesetja Kganyago on Thursday.

South Africa’s repo rate remains unchanged at 3.5%, announced South African Reserve Bank (Sarb) Governor Lesetja Kganyago on Thursday.

SA Reserve Bank Governor Lesetja Kganyago. Picture: Cindy Archillies/EWN.

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The Sarb’s famously conservative Monetary Policy Committee has cut the repo rate by 275 basis points so far this year.

The Sarb targets an inflation rate of between 3% and 6%.

The country’s inflation rate in September (the latest available figure) was 3%.


19 November 2020 3:28 PM
Tags:
South African Reserve Bank
Interest rates
Sarb
Repo rate
Inflation
Lesetja Kganyago
CPI
Consumer Price Index

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