Repo rate holds steady
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GUEST – Thabani Ndwandwe, Chief Risk Officer at Standard Bank South Africa
The Reserve Bank’s Monetary Policy Committee have kept rate constant at a repo of 8.25%, prime 11.75 for the fourth time since May last year. While the SARB has acknowledged the easing inflationary environment, the bank remained hawkish, warning that the risks to the inflation outlook remain on the upside – particularly around food inflation, the power and the logistics and infrastructure crises.
The Reserve Bank’s Monetary Policy Committee have kept rate constant at a repo of 8.25%, prime 11.75 for the fourth time since May last year. While the SARB has acknowledged the easing inflationary environment, the bank remained hawkish, warning that the risks to the inflation outlook remain on the upside – particularly around food inflation, the power and the logistics and infrastructure crises.
