MPC leaves repo rate unchanged at 5.75%
by Staff writer,
2015-03-26 15:37:10.0
THE Reserve Bank left the repo rate unchanged at 5.75%, as expected, on Thursday, but warned that a weak rand and uncertainty around oil prices remained a risk to the inflation outlook.
The Bank’s monetary policy committee (MPC) met from Tuesday until Thursday and had been expected to leave rates unchanged by a BDlive survey of 13 economists.
Rates have remained on hold since the MPC’s September meeting last year. They were last hiked by 25 basis points in July last year.
The Reserve Bank in Pretoria. Picture: FINANCIAL MAIL
THE Reserve Bank left the repo rate unchanged at 5.75%, as expected, on Thursday, but warned that a weak rand and uncertainty around oil prices remained a risk to the inflation outlook.
The Bank’s monetary policy committee (MPC) met from Tuesday until Thursday and had been expected to leave rates unchanged by a BDlive survey of 13 economists.
Rates have remained on hold since the MPC’s September meeting last year. They were last hiked by 25 basis points in July last year.
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