Reserve Bank expected to keep interest rates at record low levels

File: South African Reserve Bank.

File: South African Reserve Bank.

eNCA

JOHANNESBURG - The Reserve Bank is widely expected to keep interest rates at record low levels on Thursday.

The consumer inflation rate has eased once again from a 30-month high in May to 4.9-percent in June.

READ: Reserve Bank keeps repo rate unchanged

A lower inflation outlook supports the case for interest rates to be held steady or be cut.

Analysts will be on the lookout for comments from the Bank on whether the recent looting events, which caused supply disruptions, will negatively affect growth and inflation.

One analyst says the current low inflation outlook is the main factor being considered.  

Source
eNCA

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