National
Repo rate left unchanged at 5%─── 16:09 Thu, 23 May 2013
The South African Reserve Bank has left the repo rate unchanged at 5%.
Governor Gill Marcus announced that growth prospects remain fragile amid low consumer confidence.
Growth is however expected to accelerate to 3.8% in 2015.
Earlier today data from Statistics SA showed that inflation is standing unchanged at 5.9% year-on-year in April.
Marcus says the Monetary Policy Committee is increasingly concerned about the deteriorating outlook for the South African economy.
Sapa, eNCA
Governor Gill Marcus announced that growth prospects remain fragile amid low consumer confidence.
Growth is however expected to accelerate to 3.8% in 2015.
Earlier today data from Statistics SA showed that inflation is standing unchanged at 5.9% year-on-year in April.
Marcus says the Monetary Policy Committee is increasingly concerned about the deteriorating outlook for the South African economy.
Sapa, eNCA
Gill Marcus:
