South Africa’s central bank kept its benchmark repo rate at 6.75 percent on Thursday, in-line with expectations, citing increased risks to inflation posed by currency weakness, possible credit downgrades and political jostling. “The...
South Africa's central bank is wary of cutting interest rates to support economic growth.
South African bonds priced in a higher likelihood of a 50 basis point rate cut by the central bank sooner than anticipated.
Not only is the age of the access bond over, but they may trigger changes which result in new, unattractive rates from their bank.
Governor Kganyago has highlighted that the MPC is conscious of the economic growth implications of higher interest rates.
Bullion has lost $150 from a Nov. 9 post U.S. election high of $1,337.40 per ounce, hurt by a rally in the U.S.
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