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South Africa hikes repo rate 50 bps to 6.75%

Discussion in 'Market News' started by ForexLive, Jan 28, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Central bank struggling to control inflation The weak rand led the SARB to announce a 50 bps rate hike. The currency is gaining on the headlines although central bank leader Kganyago said future moves will be highly data dependent.

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