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Reserve Bank expected to keep interest rates unchanged

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The Reserve Bank is expected to keep interest rates on hold on Thursday.

That’s according to economists polled by Reuters.The central bank left interest rates at 7 percent in May.

Inflation data indicates that the SAR has room to ease rates. In May, inflation was at 5.4 percent, within the 3.6 percent target range.

 

Reserve Bank

Stats SA is due to release fresh consumer price index numbers on Wednesday.

The Reserve Bank is also expected to revise its growth forecast for the country.

Last week, Finance Minister Malusi Gigaba released a 14-point plan to help get South Africa out of recession.

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