South Africa's central bank keeps repurchase rate unchanged at 8.25 percent


  • World
  • Friday, 22 Sep 2023

JOHANNESBURG, Sept. 21 (Xinhua) -- The Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB), the central bank, on Thursday voted to keep the repurchase rate unchanged at 8.25 percent with effect from Friday.

The decision by the SARB is in line with many economists' predictions after annual consumer price inflation ticked up slightly to 4.8 percent in August from 4.7 percent in July.

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