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

2022.05.19 16:31

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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