Sarb keeps repo rate at 6.5%

The SA Reserve Bank has erred on the side of caution and kept interest rates on hold even though its revised down its economic growth forecast for 2019 to 0.5% and inflation remains below the mid-point of its 3%-6% target band. Business Day TV's Alishia Seckam unpacked the decision with her panel of experts which included Kevin Lings, Chief Economist at Stanlib; Tertia Jacobs, Treasury Economist at Investec and Nicky Weimar, Senior Economist at Nedbank.