South African Reserve Bank (Sarb) governor, Lesetja Kganyago, announces the central bank's Monetary Policy Committee's (MPC) decision on the repurchase rate (repo rate) in the country.
Image: Thobile Mathonsi/Independent Newspapers
South African Reserve Bank (Sarb) governor, Lesetja Kganyago, announces the central bank's Monetary Policy Committee's (MPC) decision on the repurchase rate (repo rate) in the country.
Ahead of the governor's announcement it was widely predicted by economists and analysts that the Sarb would be keeping the rate unchanged.
In the US, the Federal Open Market Committee (FOMC) decided to keep the federal funds target range unchanged at 4.25% - 4.50%, in a move that analysts had largely anticipated.
This decision comes after a strong overall performance from the US economy, which the FOMC acknowledged has made significant strides toward its goals over the past two years.
Watch Kganyago make his announcement below:
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