The SA Reserve Bank (SARB) has maintained its rate holding streak, even as it lays the groundwork for a potential rate hiking cycle that could start as soon as November.   

The Bank’s monetary policy committee voted unanimously to keep the benchmark interest rate at a record low of 3.5%, in line with market expectations, with its internal modelling pointing to a round of rate hikes starting in the fourth quarter of this year and running through 2022 and 2023. ..

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