The South African Reserve Bank (SARB) is set to announce the first repo rate decision for the year today with economists predicting that the rate will remain unchanged.
JOHANNESBURG – The Reserve Bank Governor, Lesetja Kganyago will announce the repo rate on Thursday.
Kganyago will deliver the Monetary Policy Committee’s decision on its decision whether to keep the repo rate the same or unchanged.
READ: Repo rate remains unchanged
Last year, the Reserve Bank kept the interest rate unchanged at 6.5-percent.
However, the Reserve Bank indicated that a repo cut was on the cards for 2020.