Reserve Bank remains highly cautious amid uncertainties
“While most analysts believe that, barring shocks, rates have now peaked in South Africa, the Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) for understandable reasons still sees inflation risks as being on the upside.”
In commenting on the decision by the MPC on 27 March to again leave interest rates unchanged, Prof Raymond Parsons, economist at the North-West University (NWU) Business School, says it was widely expected that interest rates would be left unchanged.