21 March 2019 - 17:04A weak economy and lower inflation are set to convince the Reserve Bank’s monetary policy committee to keep interest rates on hold next week.
The MPC will announce the repo rate on March 28, with economists expecting the interest rate unchanged. Analysts expect inflation to remain within the target range for the rest of the year, although it is expected to tick higher in the coming months. The uptick will be due to sizeable fuel price increases in March and April that stem from a weaker rand and higher international oil prices, as well as from a sharp hike in electricity tariffs together with the fuel and Road Accident Fund levies announced in the 2019 budget. The new levies will be effective from April.
Source: Loan Digest (loandigest.net)
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