South African Central Bank Leaves Benchmark Lending Rate at 9 Percent

(Bloomberg) -- South Africa's central bank left its benchmark interest rate unchanged for a second consecutive meeting as four interest rate increases since June helped curb inflation.

The Reserve Bank kept the repurchase rate at 9 percent, Governor Tito Mboweni said in a televised speech in Pretoria today. That was in line with the forecasts of 10 of the 13 economists surveyed by Bloomberg. The rest had expected a half- point increase.


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