Reserve Bank plays it safe ahead of Moody’s review
Moody’s Investors Service due to announce its latest investment-grade rating outlook on Friday
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. If you are already a subscriber, please click on the following link to go to the full article: Cautious Bank keeps repo rate unchanged If you would like to subscribe to BusinessLIVE to read the full story, please click here.
PODCAST: Listen to more commentary on the topic...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.