PRETORIA (Reuters) – The South African Reserve Bank cut its main lending rate by 25 basis points to 6.50 percent, citing a downward trend in inflation.
Twenty-four of 30 economists polled by Reuters expected the rate to be lowered by that amount.
Thursday’s rate decision was unanimous.
(Reporting by Mfuneko Toyana and Naledi Mashishi; Editing by Kevin Liffey)
IMF and World Bank hold Annual Meetings in Washington
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