On Now
Weekdays 12:00 - 15:00
At Lunch Pulane
NEXT: 15:00 - 18:00 The Joyride with Nico, Nikki, Kayla and JayBee
Listen Live Streams

Business

MPC holds repo rate

───   15:41 Thu, 21 May 2015

MPC holds repo rate | News Article

Johannesburg - The Reserve Bank's monetary policy committee has left the repo rate unchanged at 5.75%.

Governor Lesetja Kganyago noted that they are concerned over a deteriorating inflation outlook on higher oil prices and a weak rand.
 
Kganyago said the decision to hold the repo rate was not unanimous.

The repo rate was last raised by 25 basis points to 5.75% in July 2014, and has remained the same since then.
 
Economists expect interest rates to rise before year-end and have forecast inflation to be at the upper end of the 3% to 6% target band later this year.

Twitter





Podcasts

Lesetja Kganyago:

@ 2024 OFM - All rights reserved Disclaimer | Privacy Policy | We Use Cookies - OFM is a division of Central Media Group (PTY) LTD.