Economists say the Reserve Bank’s Monetary Policy Committee (MPC) is likely to keep the repo rate unchanged at 3.5% today and the commercial lending rate also on hold at 7%.
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PRETORIA - All eyes will be on the South African Reserve Bank on Thursday afternoon.
Reserve Bank Governor, Lesetja Kganyago will announce the Monetary Policy Committee's decision on interest rates at 15h00.
The majority of economists surveyed believe that the bank will hold the repo rate at 3.5-percent.
They say although the bank should be cutting rates further, the MPC would likely stay put and cut later in the year if COVID-19 has a further economic impact on the country.