NATIONAL NEWS - The South African Reserve Bank (Sarb) has reiterated that although lower inflation leaves scope for a repo rate cut, the risks remain too high for such a move.
Deputy Governor Kuben Naidoo made the comment during Tuesday’s Monetary Policy Forum in Cape Town.
Possible further credit rating downgrades and the African National Congress’ elective conference are among the risk factors highlighted by the Sarb.
Naidoo says these are among the reasons why the central bank opted not to further reduce the repo rate last month despite a slower inflation rate.
Reserve Bank: Risk too high to cut repo rate
Share
The South African Reserve Bank.
Read more about:
risk
cut
repo rate
sarb
south african reserve bank
Posted on: 09:56 Wed, 11 October 2017
More Group Editors Publications & Online Platforms
George Herald proudly displays the “FAIR” stamp of the Press Council of South Africa, indicating our commitment to adhere to the Code of Ethics for Print and online media which prescribes that our reportage is truthful, accurate and fair. Should you wish to lodge a complaint about our news coverage, please lodge a complaint on the Press Council’s website, www.presscouncil.org.za or email the complaint to enquiries@ombudsman.org.za. Contact the Press Council on 0114843612.
Copyright 2025 Group Editors Company (Pty) Ltd, Registration Number 1963/002133/07 t/a George Herald
