Economists say MPC should keep rates unchanged as SA remains in an economic crisis

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The MPC consists of up to seven members from the SARB. Photo: News24
The MPC consists of up to seven members from the SARB. Photo: News24

BUSINESS

Lullu Krugel, chief economist for PwC SA said some policymakers have previously warned that the next move in interest rates would be higher. However, PwC believes that the country’s economic outlook, clouded by the risk of load shedding and a third wave of the Covid-19 infections, means the MPC will keep interest rates unchanged.

Read: Reserve Bank pulled out the big guns to fight Covid-19 induced economic slump – Kganyago

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