WATCH: The implications of the Bank’s decision to keep rates on hold
On Thursday the South African Reserve BAnk announced that it had kept the repo rate unchanged.
But Reserve Bank governor Lesetja Kganyago has warned that SA’s growth outlook remains constrained; the Bank has cut expected GDP growth for the year to 1.2%.
Jameel Ahmad from FXTM spoke to Business Day TV about the Bank’s decision and provided an international perspective on the announcement.
Jameel Ahmad from FXTM talks to Business Day TV about the Reserve Bank’s decision to keep rates unchanged
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