SARB DISAPOINTS - LEAVING REPO RATE UNCHANGED

South Africa Reserve Bank keeps Repo Rate Unchanged

The view of SARB

1. Inflation likely to remain within target range
2. Global Economic Growth Uncertain at around 4%
3. Exchange Rate Volatile as foreign investors seek yields in emerging markets, foreigners have invested R74 Billion in SA Bonds and Equities.
4. The target range for the ZAR is between R8.50 and R10.50 to the US$
5. High debt levels of consumers is at 78.4% of disposable income
6. Bank lending still tight

Repo Rate Left Unchanged....