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South African Key Rate Seen Steady, GDP Forecast Cut on Riots
JOHANNESBURG (Capital Markets in Africa) – South Africa’s central bank will probably keep the benchmark interest rate unchanged and lower its economic-growth forecasts on Thursday as the country reels from a third wave of Covid-19 restrictions and after deadly riots. While output rose more than expected in the three months through March and data, including the composite leading business-cycle indicator, suggest an acceleration in gross domestic product in the second quarter, the unrest that erupted in…
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