Unchanged repo rate a welcome breather for cash-strapped consumers: Experts

21 July 2016 - 21:36

By TMG Digital

Financial experts have largely welcomed the Reserve Bank's decision on Thursday to keep the repo rate unchanged at 7%‚ with most viewing it as a badly-needed breather for South African consumers and property owners.

Briefing reporters following the Monetary Policy Committee [MPC] meeting‚ Reserve Bank Governor Lesetja Kganyago said the decision to keep the repo rate unchanged had been unanimous.

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