JOHANNESBURG – South Africa’s central bank will hold its first monetary policy committee meeting of 2009 on February 4 and 5, moving it to a week before the release of the national budget.
The change was necessitated by the fact that the budget speech by the Minister of Finance will be presented in Parliament on February 11,’ the Reserve Bank said in a statement posted on its website.
The meeting, at which it will decide the next move on interest rates, had been scheduled for February 11-12. -Nampa-Reuters
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