South Africa Holds Rates at 15-Year High on Inflation Worry – Bloomberg

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Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
South Africa’s central bank kept borrowing costs unchanged at a 15-year high at its final rate-setting meeting before elections in May, as the bank sees inflation returning to the midpoint of its target range later than expected.
The monetary policy committee maintained the rate at 8.25% for a fifth consecutive meeting, Governor Lesetja Kganyago said at a briefing north of Johannesburg on Wednesday. That matched the estimate of all 18 economists in a Bloomberg survey.

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