South Africa's Reserve Bank Maintains Policy Rate at 6.75% as Inflation Outlook Stabilizes
The South African Reserve Bank left its policy rate unchanged at 6.75%, with a 4-2 Monetary Policy Committee vote to hold rather than cut. The bank says inflation likely peaked at 3.6% in December and is expected to converge toward the 3% target, while the economy has recorded four consecutive quarters of growth. Forecasts point to modest GDP growt…