Reserve Bank Likely To Leave Rates Unchanged This Week

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reserve bank likely to leave rates unchanged this week

South Africa's Monetary Policy Committee looks set to keep the repo rate unchanged on Thursday as it weighs a narrower inflation preference alongside recent data.

Reuters recorded headline inflation at 3.3 in August, inside the official 3 to 6 band but above the Reserve Bank's preferred 3 level Reuters .

Governor Lesetja Kganyago and committee members have signalled a move away from treating the midpoint of the range as the policy anchor.

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