Reserve Bank announces interest rates decision

17 January 2019

The Reserve Bank is largely expected to keep interest rates steady this afternoon. The Monetary Policy Committee raised rates for the first time in over two years in November.

That took the repo rate to 6.75 percent and raised prime lending rates at banks to 10.25 percent. At the time the bank said it chose to hike sooner rather than later because of inflation risks.

Analysts say an improved inflation outlook and concerns over local growth will keep it from moving on rates. Another factor is the more cautious stance on interest rates in the US.
 

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Source: 
eNCA

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