SARB keeps interest rate at 6.5 percent - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

📆 11/21/2019 5:56 PM
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SARB keeps interest rate at 6.5 percent via SABCNewsOnline

On Wednesday, some economists said there was room for the Reserve Bank to lower the repo rate because inflation is at its lowest rate in eight years.

Statistics South Africa also announced on Wednesday that the headline consumer price index fell to 3.7 per cent in October, down from 4.1 per cent the month before. In September, the bank’s Monetary Policy Committee kept the repo rate unchanged at 6.5 per cent following a 25 basis points cut.

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SARB leaves interest rate unchanged, downgrades GDP growth projectionLesetja Kganyago has again lowered the central bank's projection for SA's economic growth rate for 2019, this time to just 0.5%.
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