Page 18 - வணிக காலநிலை குறியீட்டு News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Rand appreciates on positive economic prospects By Philippa Larkin By Chris Harmse DESPITE the sharp rise in South Africa’s inflation rate from 3.2 percent in March to 4.4 percent in April, the announcement by the SA Reserve Bank Governor Lesetja Kganyago that the Monetary Policy Committee (MPC) unanimously decided to keep the repo rate at 3.5 percent boosted the rand exchange rate. The currency was also helped by the upward forecast of the Reserve Bank of South Africa’s expected economic growth rate for 2021 from 3.8 percent to 4.2 percent. The rand exchange rate traded Friday afternoon on R13.93 against the dollar, or 21 cents stronger than the R14.14 of the previous Friday.

South africaUnited kingdomChris harmseMonetary policy committeeSa reserve bank governor lesetja kganyagoBank governor lesetja kganyagoReserve bankBanks quarterly projection modelBusiness cycle indicatorWednesday statisticsBusiness climate indexஒன்றுபட்டது கிஂக்டம்பண பாலிஸீ குழுஇருப்பு வங்கிவணிக காலநிலை குறியீட்டு