Interest rate likely to remain unchanged
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An economist says the Reserve Bank's Monetary Policy Committee (MPC) is likely to keep the interest rate unchanged when it makes its last announcement for the year later today.
The bank has kept the repo rate steady at seven percent since March. The prime lending rate is currently 10.5 percent.
Dawie Roodt says rising inflation, a sluggish economy and the depreciating rand will play a big role in the MPC's decision.
The bank has kept the repo rate steady at seven percent since March. The prime lending rate is currently 10.5 percent.
Dawie Roodt says rising inflation, a sluggish economy and the depreciating rand will play a big role in the MPC's decision.
