SARB split over rate hold


South African Reserve Bank rate-setters on Tuesday were split over the decision to hold its benchmark rate at 7%.

Gill Marcus, the governor of the Reserve Bank, said following the vote: "It was not a unanimous decision. There were very strong views in terms of an interest rate cut."

Marcus added: "There were a number of MPC members who had a strong view that in the current circumstances that it would be important to cut rates." News of the split is likely to come as a shock to analysts, the majo

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: