None
EN
Experts weigh in on central bank’s decision to keep repo rate unchanged
['Boitumelo Kgobotlo', 'Root', '--Ppa-Color-Scheme', '--Ppa-Color-Scheme-Active', 'Sourceurl Multiple-Authors-Widget-Css-Inline-Css', '.Pp-Multiple-Authors-Boxes-Wrapper.Pp-Multiple-Authors-Layout-Inline.Multiple-Authors-Target-The-Content .Pp-Author-Boxes-Avatar Img', 'Width', 'Important', 'Height', 'Border-Style']
Sunday World
Economists and consumer experts have revealed that the decision to keep the repo rate unchanged reflect a balance between improving economic conditions and persistent risks.
As such, South African Reserve Bank governor announced that the Monetary Policy Committee (MPC) decided to keep the repo rate at 6.75%.
If interest rate cuts do come later, she said, households could use the stability to reduce debt faster.
He said keeping the repo rate as it is means the prime interest rate remains at 10.25%.
Elna Moolman, Standard Bank Group Head of South Africa Macroeconomic Research, said the decision reflected concerns on global economics as the repo rate remains unchanged despite positive inflation.