Reserve Bank Governor, Gill Marcus, has announced that the repo rate is to remain unchanged at 5 percent per annum.
The Reserve Bank’s Monetary Policy Committee held its bi-monthly meeting this week.
“The MPC has decided to keep the repo rate unchanged at 5 percent per annum,” said Marcus at the end of the meeting on Thursday.
The repo rate has remained at 5 percent for the last 12 months. – SAnews.gov.za
Editor: I challenge anyone to increase the Repo Rate on Mandela Day – could lead to a shuffling closer to the exit methinks.
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Alan Straton
Chief Cook, Bottle Washer and Broom Mechanic at MyPE
Passionate about Port Elizabeth and definitely NOT packing for Perth.
Alan's ethos is epitomised in the words of Nelson Mandela; "I have fought against white domination and I have fought against black domination. I have cherished the idea of a democratic and free society. If need be, it is an ideal for which I am prepared to die."
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