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South Africa January Monetary Policy Committee Statement. Repurchase Rate Kept at 8.25% Per Year.

 Governor @KganyagoLesetja delivered the January Monetary Policy Committee statement. Here are some of the highlights: In most countries, reaching inflation targets, reducing fiscal deficits and containing or lowering debt levels will stay as key policy priorities. --The SA Reserve Bank's Monetary Policy Committee delivered the January statement. The MPC decided to keep the repurchase rate at its current level of 8.25% per year. The decision was unanimous. --The operation of ports and rail has become a serious constraint, and, alongside electricity shortages, contributed to weak output growth and higher costs last year. --Medium and longer-term market expectations for inflation remain elevated --At the current repurchase rate level, policy is restrictive, consistent with the inflation outlook and the need to address rising inflation expectations

 

Tags:South Africa January Monetary Policy Committee Statement. Repurchase Rate Kept at 8.25% Per Year.
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