SARB split over rate hold

sarb

South African Reserve Bank rate-setters on Tuesday were split over the decision to hold its benchmark rate at 7%.

Gill Marcus, the governor of the Reserve Bank, said following the vote: "It was not a unanimous decision. There were very strong views in terms of an interest rate cut."

Marcus added: "There were a number of MPC members who had a strong view that in the current circumstances that it would be important to cut rates." News of the split is likely to come as a shock to analysts, the majo

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