South African Reserve Bank Increases Rate for the First Time Since 2016

Posted on 11/25/2018


The South African Reserve Bank agreed to increase its benchmark interest rate to 6.75% from 6.5% on November 22, 2018. The decision was conducted by the bank’s Monetary Policy Committee. This was the first benchmark interest rate increase in more than two years. South African Reserve Bank Governor Lesetja Kganyago believes that the weaker exchange […]