March 16, 2020 / 4:00 PM / 16 days ago

South African cenbank: rates decision announcement scheduled for Thursday

JOHANNESBURG, March 16 (Reuters) - The South African Reserve Bank (SARB) said on Monday that it would announce its latest interest rate decision as scheduled at 15:00 local time (1300 GMT) on Thursday, but that reporters would dial into the news conference because of restrictions linked to the coronavirus outbreak.

Some analysts had speculated that the SARB would announce its interest rate decision ahead of schedule, given the expected economic impact of the coronavirus and an interest rate cut from the U.S. Federal Reserve. (Reporting by Alexander Winning Editing by Olivia Kumwenda-Mtambo)

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