Minority MPC view was the better judgement call
As was widely expected, the Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) decided (by a 4 to 2 vote) on 18 September to again pause its interest rate easing cycle for now.
In commenting on this decision, Prof Raymond Parsons, economist from the North-West University (NWU) Business School, says the MPC saw the risks around the inflation outlook as being balanced, and inflation as now being contained.