https://www.engineeringnews.co.za
Africa|Sustainable
Africa|Sustainable
africa|sustainable

SA central bank raises benchmark repo rate to 6.75%

SARB governor Lesetja Kganyago

SARB governor Lesetja Kganyago

22nd November 2018

By: African News Agency

  

Font size: - +

South Africa's central bank on Thursday raised the benchmark repo rate by 25 basis points to 6.75% despite weak economic growth, saying delaying the adjustment could cause inflation expectations to become entrenched at higher levels.

"The Committee continues to assess the stance of monetary policy to be accommodative," Governor Lesetja Kganyago told a news conference after the South African Reserve Bank's (SARB) monetary policy committee concluded the last of its six annual meetings.

"Monetary policy actions will continue to focus on anchoring inflation expectations near the mid-point of the inflation target range in the interest of balanced and sustainable growth."

To watch Creamer Media's latest video reports, click here
 

Edited by African News Agency

Comments

Showroom

Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 10 May 2024
Magazine round up | 17 May 2024
17th May 2024
Photo of Martin Creamer
On-The-Air (10/05/2024)
10th May 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.251 0.303s - 163pq - 2rq
Subscribe Now