JOHANNESBURG - South African Reserve Bank Governor Lesetja Kganyago announced today the bank's latest decision on interest rates following the three-day meeting of the monetary policy committee which he chairs.
Kganyago announced that Sarb would be keeping interest rates unchanged at a media briefing held today. Kganyago also said during his briefing that food price inflation continues to surprise to the downside on a monthly basis, and is expected to peak at about 6.1% in the third quarter of 2020. The MPC decided to keep the repurchase rate unchanged at 6.5% per annum - @KganyagoLesetja pic.twitter.com/w8dilTXNk1 The forecast for core inflation is lower at 4.2% in 2019 , at 4.5% in 2020 and remains steady at 4.6% in 2021. pic.twitter.com/8qAndgS689 The forecast for core inflation is lower at 4.2% in 2019 , at 4.5% in 2020 and remains steady at 4.6% in 2021. pic.twitter.com/8qAndgS689 The forecast of GDP growth for 2019 is revised lower at 0.5% .
Earlier this year in July, the Reserve Bank cut interest rates for South Africa down to to 6.5% per annum and chose to keep it unchanged in September.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WATCH: Will the SA Reserve Bank cut interest rates?SA's inflation rate hit an eight-year low in October, coming in at 3.7%
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: IOL - 🏆 46. / 51 Read more »
Client happy to reach 'acceptable' payment arrangement with bankThe National Credit Act was designed to protect the consumer by ensuring that there is improved standards of debt re-organaisation in cases of over-indebtedness.
Source: SowetanLIVE - 🏆 13. / 63 Read more »