Reserve Bank governor Gill Marcus has again announced interest rates will remain unchanged at 5.5%.
The Reserve Bank will maintain current interest rates, governor Gill Marcus said on Thursday.
It would leave the repo rate unchanged at 5.5% once again.
President Jacob Zuma. (Madelene Cronjé, M&G)
But the bank would continue to closely monitor the situation and stood ready to act in either direction, she said.
The prime rate would stay at 9%.
This was the ninth consecutive meeting where the repo rate remained unchanged, after it was reduced by 650 basis points between mid-2008 and November 2010.
It keeps the rate at its lowest level in over 30 years. The decision followed a meeting of the bank’s monetary policy committee in Pretoria.