Zuko Komisa

The repo rate is unchanged at 8.25%.
The Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) has decided to maintain the repurchase rate, or repo rate, at 8.25%, with unanimous consent, according to Governor Lesetja Kganyago of the bank.
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Arthur Kamp, Sanlam Investments Chief Economist joins Gugulethu Mfuphi on Kaya Biz to shed more light on the reserve bank keeping the repo rate unchanged.
Listen to the conversation on Kaya Biz:
During a press meeting on Wednesday afternoon, Kganyago made this announcement.
“Our forecasts indicate a modest growth acceleration from this year, as these supplyside constraints relax. In particular, we expect the loadshedding burden will ease somewhat. While we estimate electricity shortages took 1.5 percentage points off GDP last year, we think this will moderate to 0.6 percentage points this year and 0.2 percentage points in 2025.
Committee decisions will continue to be data dependent, and sensitive to the balance of risks to the outlook. Stabilising inflation at the mid-point of the target band will improve the economic outlook and reduce borrowing costs”
SARB Governor Lesetja Kganyago
The South African Reserve Bank MPC decided to hold the repo rate unchanged at 8.25%. The decision was unanimous. #SARBMPCMAR2024 pic.twitter.com/HCziUzxIDi
— SA Reserve Bank (@SAReserveBank) March 27, 2024
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