The central bank is largely expected to maintain the repo rate at 8.25%, while the current prime lending rate will remain at 11.75%.
WATCH LIVE: Governor Lesetja Kganyago will deliver the MPC statement on Thursday, 25 January at 15:00. The press conference will be live-streamed on Facebook https://bit.ly/3RJk6O0 & YouTube https://bit.ly/3Oh9JOG. Alternatively, watch on local news channels. hashtag#SARBMPCJAN2024
“Although inflation has seen a reduction from the highs of July in 2022 to the current level of 5.5% in November of last year (2023), we do expect that trend to continue further through 2024. The reality is, there is still a lot of inflation or cost pressure within the economy.”
Frank Blackmore, Lead economist at KPMG
To read the full article, visit: “Interest rates widely predicted to remain unchanged by SA Reserve Bank later this week”.
