Sarb alters interest rate forecasts to extend easing

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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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