Picture: 123RF/TAKASHI HONMA
Picture: 123RF/TAKASHI HONMA

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.

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

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