15.5 C
Cape Town
Wednesday, May 13, 2026

Interests rates will be kept on hold at 3-point 5 percent. That was the announcement by Reserve Bank Governor Lesetja Kganyago. It was the bank’s Monetary Policy Committee last meeting for the year. Inflation is expected to remain contained over the medium term. The MPC also revised the year’s growth projection to -8%.

Published on


Add Smile FM on Google

Latest articles

WCBS Warns of Critical Blood Shortage After Storm Disruptions

  The Western Cape Blood Service (WCBS) says the recent weather conditions have placed severe pressure on the service, as it was unable to collect...

Wet weather continues on Tuesday, but less damaging winds

 Severe weather has battered the Western Cape over the past few days, with flooding, strong winds and widespread disruption reported across Cape Town and...

IN FULL: Ramaphosa to challenge Phala Phala report in court, says he will not resign

 Cyril Ramaphosa says he will not resign following the Constitutional Court ruling, but will proceed with taking the Section 89 panel report on Phala...
error: Content is protected !!