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Governor of the SA Reserve Bank Lesetja Kganyago announced the benchmark rate call at a media briefing in Pretoria on Thursday afternoon, following a three day meeting of the bank's Monetary Policy Committee.
As the SA Reserve Bank readies to announce its repo rate decision on Thursday afternoon, analysts are still divided on whether the central bank will raise the rate or keep it unchanged at 6.5%.
Although growth prospects for the South African housing market are improving, a "steady hand" is needed from the Reserve Bank regarding the repo rate, says Dr Andrew Golding.
Analysts expect the Reserve Bank’s monetary policy committee to take a hawkish stance and keep interest rates unchanged next Thursday.
Banks weigh in on what they expect the SA Reserve Bank's Monetary Policy Committee to decide on the interest rate this week - and why.
While SARB's decision to keep the repo rate at 6.75% was in line with market expectations, a future rate cut depends on the rand's performance and the upcoming budget, say analysts.
At its first meeting for the year, the South African Reserve Bank's monetary policy committee has decided to leave the repo rate unchanged at 6.75%.
The Monetary Policy Committee of the SA Reserve Bank has decided to keep the repo rate unchanged at 6.75% on Thursday.
Weak economic growth, heightened political uncertainty and potential fiscal fallout will make for a cautious SARB rates decision, say economists.
SARB needs a Goldilocks scenario in the medium term for its 25 basis points repo rate cut to be "OK", according to economist Peter Attard Montalto of Nomura.
Governor of the SA Reserve Bank Lesetja Kganyago will announce the benchmark rate call at a media briefing in Pretoria on Thursday afternoon, following a three day meeting of the bank's Monetary Policy Committee.
The SA Reserve Bank's monetary policy committee has left the repo rate unchanged at 6.5% in a unanimous decision.
The higher inflation print for April makes a stronger case for the monetary policy committee to keep the repo rate on hold, according to analysts.
Interest rates in South Africa will remain unchanged into late 2019, forecasts Nedbank Group's Economic Unit.
'The sentiment in SA has lifted markedly in the past four months, and with the latest influx of good news we could see the rand enjoying a favourable run in the short term,' says analyst Andre Botha.
Reserve Bank Governor Lesetja Kganyago has been appointed chair of the International Monetary and Financial Committee (IMFC).
Will the repo rate go up or stay the same? A number of experts give their opinion on what the Reserve Bank's monetary policy committee will decide about interest rates this week.
The monetary policy committee of the South African Reserve Bank will probably convey a hawkish tone, which could help the rand move lower, says an analyst.
A shallow interest rate cutting cycle seems likely with at least one 25 basis-point cut expected in September 2017, predicts Arthur Kamp of Sanlam Investments.
SA Reserve Bank Governor Lesetja Kganyago's speech following the Monetory Policy Committee meeting, where they decided to cut interest rates by 0.25% to 6.25%.
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