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OverviewAPI
South Africa's central bank is in discussions with the National Treasury to explore the possibility of tapping into contingency reserves to fund the country's growing budget deficit. The South African Reserve Bank has decided to keep its main interest rate unchanged at 7.25% after inflation rose sharply to 5.9% in October. The central bank is expected to hold rates unchanged for the third consecutive meeting, signaling a delay in easing monetary policy due to lingering inflation risks.

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