WATCH: Reserve Bank announces interest rate decision

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.

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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.

Source
eNCA

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