S.Africa central bank raises main lending rate by 50 basis points

BY Reuters | ECONOMIC | 05/19/22 09:14 AM EDT

JOHANNESBURG, May 19 (Reuters) - South Africa's central bank increased its main lending rate by 50 basis points to 4.75% in a decision announced on Thursday.

The decision was in line with a Reuters poll published last week. (Reporting by Alexander Winning, Olivia Kumwenda-Mtambo and Promit Mukherjee, Editing by James Macharia Chege)

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