Cautious Reserve Bank opts not to cut repo rate in close call

The Reserve Bank usually follows the US Fed’s decision on the repo rate. Jee-A van der Linde, senior economist at Oxford Economics Africa, says they expected today’s repo rate decision to be a close call. ALSO READ: Repo rate: will the Reserve Bank cut? Predictability allows consumers to budget more effectively and avoid unexpected shocks.”ALSO READ: Will Reserve Bank cut repo rate on Thursday? “While the repo rate remains unchanged, the cumulative effect of earlier rate cuts has already begun to improve affordability and buyer sentiment.