WATCH | SARB governor Lesetja Kganyago announces MPC decision on interest rates

South African Reserve Bank governor Lesetja Kganyago is on Thursday announcing the decision of the monetary policy committee on interest rates.

November 21, 2024.Reserve Bank Governor Lesetja Kganyago presents the MPC announcement of Repo rates cut at the Reserve Bank office at Centurion in Pretoria.Picture: Freddy Mavunda © Business Day
November 21, 2024.Reserve Bank Governor Lesetja Kganyago presents the MPC announcement of Repo rates cut at the Reserve Bank office at Centurion in Pretoria.Picture: Freddy Mavunda © Business Day (Freddy Mavunda)

South African Reserve Bank governor Lesetja Kganyago is on Thursday announcing the decision of the monetary policy committee (MPC) on interest rates.

The MPC is expected to announce another repo rate cut of 25 basis points despite a slight uptick in inflation in December, economists say.

KPMG lead economist Frank Blackmore said the rand-dollar exchange rate had reduced the positive impact of low oil prices while most other items were little changed.

TimesLIVE


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