World Economy

S. Africa Keeps Rate Stable

S. Africa Keeps Rate StableS. Africa Keeps Rate Stable

Governor of South Africa’s Reserve Bank Lesetja Kganyago on Tuesday announced, at the end of the first monetary policy committee meeting of the year, that the committee had kept the repo rate at 7, IOL reported. Saying that the bank considered South Africa could be at the end of the rate hike cycle, he said the bank was keeping an eye on the situation and its outlook could change. Kganyago noted that global inflation was a risk, and although the rand was trading in a stable range currently, China’s growth—projected at 6%—meant there was a chance of a global credit bubble. 


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