'95% of economics is common sense!'

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

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Article brought to us by Old Mutual.

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