Reserve Bank governor Lesetja Kganyago in Pretoria, March 28 2019. Picture: FREDDY MAVUNDA/BUSINESS DAY
Reserve Bank governor Lesetja Kganyago in Pretoria, March 28 2019. Picture: FREDDY MAVUNDA/BUSINESS DAY

The Reserve Bank played it safe and kept interest rates unchanged even as it cut growth forecasts for the next three years and said risks to the inflation outlook had abated.

A day before Moody’s Investors Service, the last major agency with an investment-grade rating on the country, is due to announce its latest review, governor Lesetja Kganyago and the rest of the five-member monetary policy committee (MPC) unanimously decided to keep the repo rate unchanged at 6.75% on Thursday.

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Peter Attard Montalto, head of capital markets research at Intellidex, talks to Business Day TV about the Reserve Bank’s recent interest-rate decision

PODCAST: Listen to more commentary on the topic.