Reserve Bank of South Africa
South Africa Moves Closer to its First Rate Hike
March 24, 2011
The South African Reserve Bank (SARB) left its repo rate unchanged at 5.5% as expected but released a more hawkish statement. Officials after the prior meeting in January had indicated their expectation of a stable policy stance “for some time.” No such assurance was made this time. Instead, the statement today just says a decision […] More
