WATCH: SA Reserve Bank keeps interest rates unchanged
JOHANNESBURG - South African Reserve Bank Governor Lesetja Kganyago announced today the bank's latest decision on interest rates after a three-day meeting of the monetary policy committee he chairs.
The MPC assesses the risks to the growth forecast to be on the downside - @KganyagoLesetja pic.twitter.com/tGnbOsDmU6 Headline inflation is expected to average 4.5% in 2019 , increasing to 5.1% in 2020 and moderating to 4.6% in 2021 . pic.twitter.com/SGjH0tHNuWIn March, the SARB's monetary policy committee unanimously decided to keep the repo rate at which it lends to commercial banks unchanged as it cut its economic growth forecast.
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