SARB holds rates in shadow of election
- May 30, 2024
- Infrastructure
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The South African Reserve Bank (SARB) left borrowing costs unchanged, delivering the widely expected verdict one day after the nation held pivotal elections. The monetary policy committee kept its benchmark interest rate at a 15-year high of 8.25% for a sixth consecutive meeting, Governor Lesetja Kganyago said at a press conference north of Johannesburg on Thursday.
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