- The collapse of a tailings dam in South Africa earlier this month has put the spotlight on the need for binding global regulations of facilities used to store mining waste, investors and industry leaders said.
Below are some quotes from South African Reserve Bank Governor Lesetja Kganyago as he announced the central bank's latest interest rate decision on Thursday. INFLATION. While economic growth is slowing globally, inflation continues to surprise to the upside. Producer price increases continue to pass-through to wages and consumer prices globally.
South Africa's central bank raised its main lending rate by 75 basis points to 6.25% in a decision announced on Thursday. The move was as expected by the majority of economists polled by Reuters.
* South Africa cenbank decision due 1300 GMT. * Turkey's lira touches record low of 18.42 vs dollar. * Brazil holds interest rates after 12 straight hikes. * Indonesia raises rates for 2nd straight month. By Anisha Sircar and Amruta Khandekar.
* South Africa cenbank decision due 1300 GMT. * Turkey cenbank decision due 1100 GMT. * Brazil holds interest rates after 12 straight hikes. * Indonesia raises rates for 2nd straight month. By Anisha Sircar and Amruta Khandekar.
* South Africa cenbank decision due 1300 GMT. * Turkey cenbank decision due 1100 GMT. * Brazil holds interest rates after 12 straight hikes. * Indonesia raises rates for 2nd straight month. By Anisha Sircar and Amruta Khandekar.
The South African rand held steady on Wednesday as the U.S. dollar surged to new highs after a decision by Russian President Vladimir Putin to mobilise more troops for the conflict in Ukraine. At 1711 GMT, the rand traded at 17.6950 against the dollar, 0.08% weaker than its previous close.
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