At 7%, the repo rate remains below the SA inflation rate of 7.4% in November and 7.2% in December, making rates negative in real terms, says Reserve Bank governor Lesetja Kganyago
The focus this week will be on the SA Reserve Bank’s monetary policy committee which sits on Tuesday and will deliver the interest rate decision on Thursday.
According to January’s Thomson Reuters Econometer poll, the median consensus forecast is for a 50 basis point hike with 11 out of 20 analysts expecting that, eight expecting a 25 bps hike and one forecasting no change...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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