Reported 4 months ago
South Africa's central bank is expected to maintain its benchmark interest rate at 8.25%, the highest in 15 years, in the face of political uncertainty following the country’s recent election. Despite a slight easing of inflation to 5.2%, which remains above the target range, economists do not anticipate a rate cut yet. The outcome of the election could potentially impact future rate decisions based on its effect on the rand's value and inflation outlook.
Source: YAHOO