SARB maintains monetary stance

South African Reserve Bank Governor Tito Mboweni Thursday said the central bank's current monetary policy stance would be maintained. This in line with most economists' expectations that interest rates would remain unchanged at the bank's six-weekly monetary policy committee (MPC) meeting due to sluggish growth in the economy. But Mboweni said the MPC would continue to monitor closely any further inflationary influences from the depreciation of the rand and high petroleum prices. The bank sai