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South African Central Bank Maintains That Next Rates Move Is Up

  • MPC unanimous in its decision to keep repurchase rate at 3.5%
  • Central bank sees inflation outlook risks to the upside
South African Reserve Bank Governor Lesetja Kganyago Interview
Photographer: Waldo Swiegers/Bloomberg
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South Africa’s central bank stuck to the message that its next interest-rate move will be up, as it looked beyond a temporary pickup in inflation to keep the benchmark at 3.5% for a fifth straight meeting.