The Reserve Bank's model still predicts a rate hike this year, but it probably won't happen

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The repo rate has to date remained at 3.5% - and the prime rate at 7% - for a year.
The repo rate has to date remained at 3.5% - and the prime rate at 7% - for a year.
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The recent unrest in KwaZulu-Natal and Gauteng clearly weighed on the members of the Monetary Policy Committee (MPC) when they met this week.

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