Reserve Bank expected to keep repo at record low
Economists say governor Lesetja Kganyago will hold rates steady in January after cutting them a cumulative 300 basis points in 2020
14 January 2021 - 10:20
The Reserve Bank is expected to keep its repo rate at a record low 3.50% at its January 21 meeting, and for the rest of 2021, as the coronavirus pandemic rages and with inflation expected to remain benign, a Reuters poll found on Thursday.
Bank governor Lesetja Kganyago will hold rates steady in January, 17 of 20 economists said, after cutting them a cumulative 300 basis points (bps) in 2020 as the pandemic swept the world...
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