| The MPC left the repo rate unchanged at 7.0% at the May MPC meeting following prior increases of 0.75% in Q1 2016. Five of the MPC members preferred rates to remain on hold whereas one member preferred a hike of 0.25%.
Tertia Jacobs, treasury economist at Investec, provides some additional context and rationale to the decision as well as its impact on the rand. Find out more: http://invest.ec/1TTJHxz |
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