Sarb alters interest rate forecasts to extend easing

Elske Photography

The South African Reserve Bank has lengthened the horizon over which it plans to raise interest rates, following its latest decision to reduce the repurchase rate to 6.5%.

“The implied path of policy rates generated by the Sarb’s Quarterly Projection Model has changed since the previous MPC meeting,” governor Lesetja Kganyago said at a press conference on March 28.

The central bank cut interest rates by 25 basis points after year-on-year inflation fell to 4% in February and risks to the

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