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S.Africa central bank raises main lending rate by 50 basis points -Breaking

by Mike Robinson

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© Reuters. Lesetja Kganyago is the South African Reserve Bank Governor and International Monetary Finance Committee chairman (IMFC). Kristalina Georgieva, IMF Managing Director, listens as she makes comments during a closing press conference at the IMFC.

JOHANNESBURG – South Africa’s central banks raised their main lending rates by 50 basis points, to 4.75%. This decision was announced Thursday.

According to a Reuters poll, the decision was consistent with last week’s.

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