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