Unchange repo rate good news ahead of festive season
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An economist says the SA Reserve Bank's decision to leave the repo rate unchanged at seven percent is welcome news especially ahead of the festive season.
The Reserve Bank's Monetary Policy Committee made the announcement on Thursday, meaning the prime lending rate remains at 10.5 percent.
Economist Ralph Mathekga says in an economy that thrives mainly on consumption, South Africans need to make the most of the unchanged repo rate.
The Reserve Bank's Monetary Policy Committee made the announcement on Thursday, meaning the prime lending rate remains at 10.5 percent.
Economist Ralph Mathekga says in an economy that thrives mainly on consumption, South Africans need to make the most of the unchanged repo rate.
