South African central bank holds repo rate at 6.75 pct

By Kitco News / January 18, 2018 / www.kitco.com / Article Link

JOHANNESBURG, Jan 18 (Reuters) - South Africa's central bank kept its benchmark repo rate unchanged at 6.75 percent on Thursday, saying that risks to the inflation forecast were still assessed to be on the upside.

The majority of analysts polled by Reuters last week had predicted the repo rate would stay on hold. Central bank governor Lesetja Kganyago told a news conference that five members of the monetary policy committee had voted to hold rates and one member had voted for a 25 basis point cut.


(Reporting by Mfuneko Toyana and Nqobile Dludla; Writing by Alexander Winning; Editing by Toby Chopra)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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