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SARB leaves repo rate unchanged at 3.50%

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SARB leaves repo rate unchanged at 3.50%

Photo by Bloomberg
Reserve Bank Governor Lesetja Kganyago

19th November 2020

By: Reuters

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South Africa's central bank left its main lending rate unchanged at 3.50% on Thursday, Governor Lesetja Kganyago said.

A Reuters poll saw the Reserve Bank (SARB) leaving rates unchanged, with 17 of 22 economists expecting the bank to hold rates steady after cutting them by a cumulative 300 basis points earlier this year as the coronavirus pandemic swept the world.

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