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Some economists disappointed that Reserve Bank retained rates

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A number of South Africans are disappointed after the Reserve Bank opted to keep rates unchanged last week, providing no further relief. The bank cut rates in July by 25 basis points for the first time in five years. Many economists predicted a second cut in September. But the governor highlighted low economic growth, political uncertainty and further ratings downgrades among reasons to retain the rates. Sumitra Nydoo Reports.Subscribe to us on YouTube: Follow us on:Facebook: Twitter:


Africa News CGTN Africa Sumitra Nydoo KPMG South Africa South Africa KPMG South Africa economy
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