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S.African c.bank keeps key rate at 6.75 pct, against expectations
September 21, 2017 / 1:28 PM / in 3 months

S.African c.bank keeps key rate at 6.75 pct, against expectations

PRETORIA, Sept 21 (Reuters) - South Africa’s central bank kept its benchmark repo rate at 6.75 percent on Thursday, defying market expectations that had predicted a loosening of policy due to easing inflation pressures.

Seventeen of 26 economists polled by Reuters had predicted a 25 basis point cut. One had forecast a 50 basis point cut, while eight predicted a ‘hold’. (Reporting by Johannesburg bureau; Writing by Ed Cropley; Editing by Ed Stoddard)

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