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WATCH: Why the Reserve Bank kept rates on hold

Citadel chief economist Maarten Ackerman talks to Business Day TV about the Reserve Bank’s decision to keep rates on hold

20 November 2020 - 08:23 Business Day TV
The Reserve Bank in Pretoria. Picture: FINANCIAL MAIL
The Reserve Bank in Pretoria. Picture: FINANCIAL MAIL

The SA Reserve Bank has left its repo rate at a record low of 3.5%.

The monetary policy committee has also revised the country’s GDP outlook, saying the easing of lockdown restrictions has supported economic growth.

Business Day TV spoke to Citadel chief economist Maarten Ackerman about the central bank’s decision.

Citadel's Chief Economist Maarten Ackerman talks to Business Day TV about Sarb's decision to keep rates on hold

Nationalising Reserve Bank will create fears and be negative for investment, Treasury says

A private member’s bill has been introduced by EFF chief whip Floyd Shivambu proposing the nationalisation of the Bank without compensation
Economy
5 days ago

Economists see rates at record lows for longer amid Reserve Bank caution

MPC keeps  benchmark interest rate steady even as it downgrades  inflation forecast for 2021 slightly
Economy
4 days ago

EDITORIAL: Don’t rule out the Reserve Bank springing a surprise on Thursday

Many economists are predicting there will be no change in the rate, but 43% believe there is space for a cut
Opinion
5 days ago

There is no reason to nationalise the Reserve Bank

Calls by the EFF and ANC are premised on political ideology and a poor grasp of the law
Opinion
6 days ago

MARKET WRAP: Rand erases losses as Reserve Bank signals next rates move is higher

The Bank’s monetary policy committee holds repo rate at 3.5% and raises  GDP outlook slightly
Markets
4 days ago

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