PRETORIA, Sept 20 (Reuters) – South Africa’s Reserve Bank
left its repo rate unchanged as expected at 5 percent on
Thursday, saying it had already preemptively cut rates at its
previous meeting.
Twenty-five of the 28 economists polled by Reuters had
forecast that the Bank’s Monetary Policy Committee would keep
the repo rate – at which it lends to commercial banks –
unchanged after a surprise 50 basis point cut in July.
(Reporting by Agnieszka Flak; Writing by Xola Potelwa;editing
by David Dolan)
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