July 17, 2014
By CentralBankNews.info
South Africa’s central bank raised its benchmark repurchase rate by another 25 basis points to 5.75 percent but signaled that it could raise rates further by saying the rate remained slightly negative and below its longer term neutral level given the expected trajectory of inflation.
“The monetary policy stance remains supportive of the domestic economy, and, as before, any future moves will be gradual and highly data dependent,” Gill Marcus, governor of the South African Reserve Bank (SARB) said in a statement.
