Economists expect SARB to keep repo rate unchanged this week

This week, economists anticipate SARB will maintain its repo rate.

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When the South African Reserve Bank ( SARB ) releases its most recent repo rate this week, consumers are not anticipated to receive an early Christmas gift.

The monetary policy committee ( MPC ) of the central bank will meet for the last time this year starting on Tuesday.

Before voting on the repo rate, the five-member committee is anticipated to discuss both domestic and international financial data.

The reserve bank is expected to maintain the repo rate this week for a third straight period, according to economists.

In May, after pausing for its meetings in July and September, the monetary policy committee raised borrowing costs to 8.25 %.

Inflation has taken a bad turn in recent months, despite appearing to ease earlier in the year.

The MPC has since maintained his hawkish demeanor.

Cooler gasoline and diesel prices, according to Dawie Roodt, economist for the Efficient Group, would reduce inflation and ease price pressures.

At these levels, inflation is likely to stabilize and begin to decline within a month or two, in my opinion.

Isaac Matshego, a Nedbank economist, stated that he does n’t anticipate any repo rate reductions before the second quarter of the following year.

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