File: South African Reserve Bank.
JOHANNESBURG - The Reserve Bank is widely expected to keep interest rates on hold this week.
The repo rate is currently near a five-decade low at 3.5 percent.
The bank slashed rates last year in a bid to help support the economy in the aftermath of the coronavirus pandemic and accompanying economic lockdowns.
There is a growing expectation that the bank will eventually start to raise rates.
But many economists believe that with the current hold on inflation, a rates hike will only happen well into next year.
Higher inflation supports the case for the bank to raise rates.