JOHANNESBURG - The South African Reserve Bank’s Monetary Policy Committee has decided to keep interest rates unchanged.
This leaves the repo rate at 7% and the prime lending rate at 10.5%.
Economists widely expected the decision.
This amid ongoing inflation concerns, global uncertainty and slow domestic growth.
Reserve Bank Governor, Lesetja Kganyago, says despite global conditions supportive for emerging markets, long term risks remain.
This includes rising debt and persistent inflation abroad.
Tertia Jacobs, a Treasury Economist at Investec, discussed this with eNCA.