Wednesday, September 21, 2011

SA Reserve Bank expected to leave interest rate unchanged

By Khanyisa Tabata
21 September 2011

The South African Reserve Bank has no choice but to keep the Repo Rate unchanged at five-point-five-percent.

Efficient Group Economist Dawie Roodt made the remarks ahead of tomorrow’s Reserve Bank Monetary Policy Committee decision on the matter.

Roodt maintains that despite inflation slowly edging up, the central bank cannot increase interest rates due to the current fragility of the South African economy.

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