The Reserve Bank has kept the repo rate on hold at 3.5%. All five members of the Monetary Policy Committee voted to keep rates unchanged, given the view that inflation would remain well-contained in 2021. The bank upwardly revised its GDP forecast for 2021 from 3.6% to 3.8%.

Published on


Add Smile FM on Google

Latest articles

Baboon Task Team: Waterfall troop adjusting well at Urban Wildlife Centre in Kogelfontein

 The Cape Peninsula Baboon Management Joint Task Team (CPBMJTT), consisting of representatives from SANParks, CapeNature, and the City of Cape Town, has confirmed that...

Relocation of Cape baboon troops sparks deep divisions

 The relocation of two Cape Peninsula baboon troops to a wildlife sanctuary has sparked a heated debate, dividing animal welfare groups, conservationists and affected...

Clock ticking for new municipal councils to convene

 The Electoral Commission has officially declared councillors elected following the 2026 Local Government Elections, paving the way for newly elected municipal councils to take...