Sarb leaves interest rates unchanged. Because politics...

Reserve Bank Governor Lesetja Kganyago. Picture: Renart Toerien/EWN.

South African Reserve Bank (Sarb) Governor Lesetja Kganyago has announced that the repo rate will be unchanged at 6.75%.

The prime lending rate, which is the interest charged by banks to clients, will remain at 10.25%.

The Money Show’s Bruce Whitfield interviewed Liberty SA Retail Consumer Economist Tendani Mantshimuli.

Mantshimuli is a former Sarb economist.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

If you look purely at the data – leaving out political noise – you could have cut interest rates.

Tendani Mantshimuli, Liberty SA Retail

I agree with the governor…

Tendani Mantshimuli, Liberty SA Retail

Nothing has happened that would’ve enhanced investor confidence in South Africa.

Tendani Mantshimuli, Liberty SA Retail

Inflation will remain within the target…

Tendani Mantshimuli, Liberty SA Retail

Second quarter growth is not going to be sustainable.

Tendani Mantshimuli, Liberty SA Retail

Inflation I experience as a consumer might be higher than CPI…

Tendani Mantshimuli, Liberty SA Retail

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This article first appeared on 702 : Sarb leaves interest rates unchanged. Because politics...


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