repo rates

The SA Reserve Bank (Sarb) is likely to keep the repo rate unchanged at 6% when its Monetary Policy Committee (MPC) meets on Wednesday, according to international market research company Citi Velocity. This is because the US Federal Reserve decided not to raise its rates last week. "We believe that growth concerns will come to the fore in the MPC statement. The MPC's argument for not raising rates further is likely to be that forex moves are largely being countered by the lower oil price, … [Read more...] about SA repo rates expected to stay unchanged