The MPC unanimously decided to keep the repurchase rate unchanged at 6.5% per annum. pic.twitter.com/uzgfTKbswr
Higher international oil prices will contribute to petrol price inflation in 2018. The impact on headline inflation is somewhat moderated by lower food price inflation. pic.twitter.com/vNeG0lk61D
The domestic economic growth outlook for 2018 is weaker than we expected in May. Following a broad-based contraction of 2.2% in Q1 and early indications of modest growth in Q2, a growth rate of 1.2% is now expected for 2018, compared with 1.7% previously. pic.twitter.com/X4HW1cvNre
The SARB’s model assesses the rand to be undervalued, and it is likely that the rand, along with other emerging market currencies, will remain volatile.