The Reserve Bank left rates unchanged for a fourth consecutive decision but maintained its hawkish rhetoric, with governor Lesetja Kganyago stating it requires more evidence that inflation will anchor at the 4.5% target “sustainably”, suggesting borrowing costs will be higher for longer.

The decision to keep the repo rate at 8.25% on Thursday was in line with forecasts in a Reuters poll of economists. The decision by the monetary policy committee (MPC) was unanimous...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.