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Economists predict Sarb will keep repo rate unchanged as CPI figure cools

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Some economists have predicted another hold in interest rates following a significant decline in the CPI.

JOHANNESBURG - Some economists say the South African Reserve Bank is likely to leave the repo rate unchanged once more following a significant decline in the consumer price index.This is the first time in two years that it has been this low.

Last month, the South African Reserve Bank left the repo rate unchanged at 8.25%, after a consistent decline in the CPI since April. Economist Bonke Dumisa said that should the CPI continue at this rate, there won’t be an increase in interest rates next month.Economist Dale McKinley said while the increase in repo rates had a positive impact on inflation, a continued increase in interest rates would negatively affect middle-class South Africans.

 

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Economists attribute consistent CPI decline to Sarb's interest rate hikesSouth Africa's consumer price inflation has seen a consistent decline since April, with further declines expected in the coming months.
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