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The International Monetary Fund has urged the SA Reserve Bank to keep inflation at its mid-point target goal of 4.5% to preserve price stability and central bank credibility.
The monetary policy committee of the South African Reserve Bank has decided to keep the repo rate unchanged.
The increased political risk that could flow from this week’s mini budget will in all likelihood compel SARB to refrain from cutting interest rates in November, says an economist.
The repo rate will remain unchanged at 6%, says SA Reserve Bank governor Lesetja Kganyago.
A slowdown in August’s inflation figures could be exactly what the doctor ordered, as Sarb announces its repo rates decision today.
The South African Reserve Bank believes providing financial stability and low inflation will encourage households to save.
Fuel prices and the normalisation cycle of the United States are expected to be key considerations for the South African Reserve Bank's Monetary Policy Committee rates decision.
The most important market event of the week will be the first 2018 interest rate decision of the SA Reserve Bank's Monetary Policy Committee.
The consumer price index, which measures the country's inflation rate, has remained level at 4.6% in August month-on-month, according to Statistics SA.
The Sarb has hiked the repo rate by 25 basis points to 6% per annum, effective from 24 July 2015, its governor Lesetja Kganyago announced on Thursday.
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