Breaking News(Business)
Central bank holds interest rate in surprise decision
The central bank has kept its benchmark rate unchanged, against expectations of a cut. Markets are reacting.
TNThabo Nkosi
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The committee will meet again in two months.
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Commercial banks said lending rates would stay where they are for now.
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The committee pointed to food prices as the main reason for caution.
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The local currency strengthened slightly against the dollar after the announcement.
Previous Update
The monetary policy committee voted to keep the benchmark rate unchanged.
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