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South Africa's central bank names seventh Monetary Policy Committee member

Original: South African central bank appoints seventh Monetary Policy Committee member

The South African Reserve Bank has appointed a seventh member to its Monetary Policy Committee, expanding the body that sets the country's interest rates. Reuters reported the appointment. The move is drawing attention because changes to the committee's composition can signal shifts in future monetary policy direction, and markets watch MPC appointments closely for hints on the inflation outlook.

Why now: Interest rate decisions by the South African Reserve Bank affect markets, so a change to the committee's makeup draws immediate attention.

South African Reserve BankMonetary Policy CommitteeSouth Africa

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Evidence

• South African central bank appoints seventh Monetary Policy Committee member · Reuters

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