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South Africa

Rate On Hold As Rand Risk Looms
The South African Reserve Bank left its key rate unchanged for a seventh straight meeting as policy makers warned politics and ratings downgrades could still knock the rand and scupper an improving inflation outlook. The Monetary Policy Com- mittee maintained the benchmark repurchase rate at 7 percent, Governor Lesetja Kganyago told reporters recently in the capital, Pretoria. The decision was in line with the estimates of all 21 economists in a Bloomberg survey. The key rate hasn&rsq...

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