SARB no surprise – policy rate unchanged

The Reserve Bank’s decision to keep the repo rate at 6.5%, reflects the view that GDP growth will remain relatively subdued and does not pose an upside risk to the inflation outlook.

Other potential drivers of inflation are also anticipated to remain relatively muted over the medium term (with risks mainly emanating from the global environment), hence for inflation to remain comfortably within the target range in the rest of 2010, 2011 and 2012.

The SARB will continue to assess developments and will adjust the monetary policy stance when necessary.

So FOR now, for all us English speaking citizens of South Africa, the cost of your home loan will remain the same!

WizardMan OUT!