The SA Reserve Bank’s monetary policy committee expects, as per its quarterly projection model, that by the end of 2024 the repo rate will be more than 6.5%. This is a similar level to where it stood at the start of 2020.

Reserve Bank governor Lesetja Kganyago says growth is expected to reach 2% as lower export prices in the short term mean future demand will be dependent on the path of investment and household spending...

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