South African reserve bank leaves main rate at 6.50%
- Unanimous decision
- MPC still sees policy as accommodative
- Statement says implied path of policy sees one 25 bps hike in Q4, another in mid-2019
- Maintains 2018 GDP forecast at 1.7%
- Boosts 2019 GDP forecast to 1.7% from 1.5%
No reaction in the rand, which is higher today.
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