The SA Reserve Bank held its second monetary policy committee meeting for the year on Thursday and, as expected, it kept the interest rate on hold at 6.75%. But concern about a global slowdown, trouble at Eskom and weak business confidence remain, leading the Bank governor Lesetja Kganyago to cut 2019’s growth outlook to 1.3%. Peter Attard Montalto, head of capital markets research at Intellidex, joined Business Day TV to provide some analysis on the Bank’s decision.

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