News24 Business | Interest rates left unchanged even as Reserve Bank expects cooler inflation

News24 Business | Interest rates left unchanged even as Reserve Bank expects cooler inflation

Four MPC members wanted rates to remain unchanged, while two favoured a cut of 25 basis points.

South African central bank keeps repo rate unchanged at 7.5 pct

JOHANNESBURG, March 20 (Xinhua) -- The South African Reserve Bank (SARB) has kept the repo rate unchanged at 7.5 percent due to inflation remaining within the target range, the central bank announced on Thursday. Read full story

Reserve Bank holds interest rate at 7.5% – The Mail & Guardian

The South African Reserve Bank held interest rates at 7.5%, citing global economic uncertainty and upside risks to inflation, governor Lesetja Kganyago announced on Thursday.  The widely expected decision was split between the committee members, with two members favouring a 25 basis point cut, and four preferring the decision to hold.  The prime interest rate stays at 11%.  “For several quarters we have enjoyed rising confidence in South Africa,…

Reserve Bank keeps interest rates unchanged amid global risks

The turnaround. "The global developments since the January meeting have been dramatic."

Missed chance: South Africa's interest rate freeze draws property market concerns

Source: [[https://www.pexels.com/search/city%20building/ Pexels]]The decision by the Monetary Policy Committee of the South African Reserve Bank to retain the interest rate at the current level of 7.50% (prime rate at 11%) is disappointing, and a missed opportunity to provide vital relief to consumers and property buyers, and a boost to the economy, says Samuel Seeff, chairman of the Seeff Property Group. Read more...