Reserve Bank likely to keep rates steady, says survey

The SA Reserve Bank is forecast to leave interest rates unchanged on Thursday when its monetary policy committee meets for the last time in a year that has seen the Bank act swiftly to cushion the economy amid the Covid-19-induced recession.

Since the onset of the pandemic crisis in March, the Bank has slashed rates to 3.5% — the lowest policy rate implemented by the bank in almost half a century — including one unscheduled meeting in April during the severest phase of SA’s lockdown...