Economic news

S.Africa central bank raises main lending rate by 50 basis points

2022.05.19 16:31

S.Africa central bank raises main lending rate by 50 basis points
South Africa’s Reserve Bank Governor Lesetja Kganyago, who is also International Monetary Finance Committee (IMFC) chairman, makes remarks as IMF Managing Director Kristalina Georgieva listens during a closing press conference for the IMFC, during the IMF

JOHANNESBURG (Reuters) – South Africa’s central bank increased its main lending rate by 50 basis points to 4.75% in a decision announced on Thursday.

The decision was in line with a Reuters poll published last week.

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