Human Interest

Unchanged interest rates are in line with expectations

“The decision by the Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) to again leave interest rates unchanged was widely anticipated and in line with market expectations.”

Prof Raymond Parsons from the North-West University (NWU) Business School says that whereas, in the past few months, the MPC voted 3 to 2 in favour of “no change” ― as opposed to another 25 basis points cut ― the outcome of the MPC’s latest meeting was a unanimous decision.

Submitted on Fri, 03/26/2021 - 09:38