SARB - Leaves Repo Rate Unchanged at 6.5%

SARB - View:
1. Inflation expected to remain unchanged in 3 Q 2010
2. Global Economic Growth Uncertain at 4%
3. Exchange rate effected by foreign investors buying bonds and equities to the value of R72 Billion
4. GDP forecast slightly higher to 2.9%
5. High debt levels of consumers at 78.4% and rising unemployment is still a big concern.
Therefore the SARB has left the repo rate as is.
Brought to you by: SL Wealth Management

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