The South African Reserve Bank’s (Sarb) Monetary Policy Committee (MPC) has left the repo rate at 7%.
The prime lending rate will remain at 10.5%.
The decision was unanimous.
Ray White (in for Bruce Whitfield on The Money Show) interviewed Citadel Chief Strategist Dr Adrian Saville about the rates decision and the state of the South African economy.
Scroll down for quotes from the audio below.
The economy is anaemic, at best.— Dr Adrian Saville, Citadel
Growth averaged about 2% over the past decade.— Dr Adrian Saville, Citadel
Unfortunately, this interest rate decision won’t increase investment spending.— Dr Adrian Saville, Citadel
It’s not about the type of policy; it’s about the stability thereof.— Dr Adrian Saville, Citadel
Singapore's Ha-Joon Chang said that 95% of economics is common sense!— Dr Adrian Saville, Citadel
State-run newspaper The Herald carried 26 pages of full-colour advertisements congratulating him.
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