National Property Portfolio on Auction

National Property Portfolio on Auction
Loading

SARB keeps repo rate unchanged

March 20 2013 at 12:20pm

Comment on this story

Gill Marcus Two

Independent Newspapers

Central bank govenor Gill Marcus. Photo: Mxolisi Madela.

Related Stories

Pretoria - South Africa's Reserve Bank left the repo rate unchanged at 5.0 percent on Wednesday as expected, saying the inflation outlook had deteriorated, although risks to domestic economic growth were on the downside.

All 21 economists polled by Reuters last week saw the rate holding steady, with a large majority seeing rates unchanged for the rest of the year.

“Inflation is expected to breach temporarily the upper end of the target range in the third quarter of 2013, when it is expected to average 6.3 percent,” Governor Gill Marcus told a news conference. - Reuters


sign up
 
 

Comment Guidelines


  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

     

Join us on

 IOL-Social networks IOL-Social networks IOL-Social networks IOL-Social networks
IOL Travel

Make sure you find the best available airfares with our easy-to-use search engine.

Travel_pic_enw
Sudoku