The South African Reserve Bank (Sarb) cut its repo rate by 25 basis points (bps) on Thursday for the third consecutive Monetary Policy Committee (MPC) meeting, bringing ...
Policymakers left their benchmark rate unchanged amid signs that the economy is humming along, defying the president’s tradition-bucking pressure on the central bank.
The Fed reduced its rate last year to 4.3% from 5.3%, in part out of concern that the job market was weakening. Hiring had slowed in the summer and the unemployment rate ticked up, leading Fed ...