FOREX TradingCharts.com

Financial News: South Africa Central Bank Holds Rate Steady In

South Africa Central Bank Holds Rate Steady In Split Vote

01/21/2021 - 10:35:00 (RTTNews)

(RTTNews) - South Africa's central bank left its key interest rate unchanged on Thursday in a split vote, citing slow economic recovery and low inflation. The Monetary Policy Committee decided to leave the repo rate unchanged at 3.5 percent, South African Reserve Bank Governor Lesetja Kganyago said in a statement.

Two members of the committee preferred a 25 basis point cut, while three preferred to hold rates at the current level.

The implied policy rate path projects two increases of 25 basis points in the second and third quarters of 2021, the bank said. "The Committee notes that the slow economic recovery will help keep inflation below the midpoint of the target range for this year and next," the bank said.

"Unless risks outlined earlier materialize, inflation is expected to be well contained in 2021, before rising to around the midpoint in 2022 and 2023."

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Finland Growth Slowed Less Than Estimated In Q4 (31 min(s), 25 sec(s) ago)
(RTTNews) - Finland's economic expansion slowed less than estimated but sharply, in the fourth ...Full Story»

Latvia's Q4 GDP Growth Moderates As Estimated In Q4 (32 min(s), 25 sec(s) ago)
(RTTNews) - Latvia's economic growth moderated notably in the fourth quarter, as initially est ...Full Story»

Poland GDP Contracts As Initially Estimated In Q4 (45 min(s), 25 sec(s) ago)
(RTTNews) - Poland's economy contracted in the fourth quarter due to the restrictions related ...Full Story»

Swiss KOF Indicator Signals Economic Activity Rebound Ahead (53 min(s), 25 sec(s) ago)
(RTTNews) - A measure signaling turning points in Switzerland's economy rose above its long-te ...Full Story»

Spain Consumer Prices Remain Flat In February (57 min(s), 25 sec(s) ago)
(RTTNews) - Spain's consumer prices remained unchanged in February after recovering a month ag ...Full Story»

Portugal Inflation Rises In February (01 hr(s), 17 min(s), 25 sec(s) ago)
(RTTNews) - Portugal's consumer prices inflation increased in February, preliminary data from ...Full Story»

Latvia Retail Sales Decrease In January (01 hr(s), 24 min(s), 25 sec(s) ago)
(RTTNews) - Latvia's retail sales declined in January, figures from the Central Statistical Bu ...Full Story»

Greece Producer Prices Declined At A Softer Pace (01 hr(s), 30 min(s), 25 sec(s) ago)
(RTTNews) - Greece producer prices continued to fall in January, data from the Hellenic Statistica ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Finland Growth Slowed Less Than Estimated In Q4

02/26/2021 - 07:59 AM (RTTNews)
(RTTNews) - Finland's economic expansion slowed less than estimated but sharply, in the fourth ...Full Story>>

Latvia's Q4 GDP Growth Moderates As Estimated In Q4

02/26/2021 - 07:58 AM (RTTNews)
(RTTNews) - Latvia's economic growth moderated notably in the fourth quarter, as initially est ...Full Story>>

Poland GDP Contracts As Initially Estimated In Q4

02/26/2021 - 07:45 AM (RTTNews)
(RTTNews) - Poland's economy contracted in the fourth quarter due to the restrictions related ...Full Story>>

Swiss KOF Indicator Signals Economic Activity Rebound Ahead

02/26/2021 - 07:37 AM (RTTNews)
(RTTNews) - A measure signaling turning points in Switzerland's economy rose above its long-te ...Full Story>>

Spain Consumer Prices Remain Flat In February

02/26/2021 - 07:33 AM (RTTNews)
(RTTNews) - Spain's consumer prices remained unchanged in February after recovering a month ag ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.