BREAKING NEWS: Reserve Bank keeps repo rate at 6.5%, as expected

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

South Africa Headlines News

The bank left its inflation forecast unchanged since its September meeting, but revises down its economic growth forecast

Reserve Bank governor Lesetja Kganyago. Picture: FREDDY MAVUNDA

The Bank’s monetary policy committee left the repo rate at 6.5%, unchanged since the last cut in July. “Although GDP growth rebounded to 3.1% in the second quarter, longer-term weakness remains a serious concern,” governor Lesetja Kganyago said in a statement. The outcome for the third quarter’s GDP reading is expected to be weak, Kganyago said, based on recent short-term indicators for the mining and manufacturing sector.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BREAKING NEWS: 13-year-old arrested for allegedly bludgeoning Tongaat gran to death | Daily NewsA 13-year-old girl has been arrested for the murder of a 63-year-old granny who was found bludgeoned to death in her home in Tongaat.
Source: IOL - 🏆 46. / 51 Read more »

PICS: A look back at Bank of Lisbon tragedy ahead of demolition | IOL NewsWe take you behind photojournalist Karen Sandison's lens and showcase some of the work that has been done since the deadly Bank of Lisbon fire.
Source: IOL - 🏆 46. / 51 Read more »

BREAKING NEWS: Bosasa assets to go under the hammerProperty of facilities company that came under the spotlight amid allegations that it bribed government officials will be auctioned over three days in December
Source: BDliveSA - 🏆 12. / 63 Read more »

BREAKING NEWS: Misa CEO Ntandazo Vimba arrested, department confirmsThe Hawks say 10 suspects were arrested in the early hours of Thursday morning
Source: BDliveSA - 🏆 12. / 63 Read more »

WATCH LIVE: State Capture Inquiry - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.[LIVE STREAM] StateCaptureInquiry – 21 November 2019 | WATCH: sabcnews
Source: SABC News Online - 🏆 32. / 51 Read more »

WATCH LIVE: EFF Media Briefing - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.[LIVE STREAM] EFF Media Briefing, 21 November 2019 – WATCH: sabcnews
Source: SABC News Online - 🏆 32. / 51 Read more »