South Africa to stay course on rates amid election noise
- May 30, 2024
- Infrastructure
- 0 Comments
South Africa’s central bank is set to leave interest rates unchanged, staying the course in the inflation fight amid political uncertainty one day after the country’s tightest election in 30 years. Economists polled by Bloomberg expect Governor Lesetja Kganyago’s monetary policy committee will keep the benchmark rate at a 15-year high of 8.25% on Thursday, when he announces the decision shortly after 3 p.m. local time. Most surveyed in a separate poll also expect the decision, which comes a day after elections, to be unanimous.
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