South Africa's central bank keeps repurchase rate at 5%

Note: This section contains information in English only.
Source: RTT News
South African Reserve Bank kept its benchmark interest rate unchanged as expected on Wednesday, as increasing inflation in the country prevented policy makers from easing monetary policy. The Monetary Policy Committee decided to maintain the repurchase rate at 5% as the inflation rate reached a 10-month high of 5.9% in February due to higher prices of food and clothing.

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