September 2020 IDM Special Edition
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REPO RATE UNCHANGED<br />
The Monetary Policy Committee of the SA Reserve Bank (MPC)<br />
met and discussed possible changes to the Repo Rate during<br />
<strong>September</strong>. They factored in recent inflation figures, the Rand<br />
to Dollar exchange and of course factors around the Covid-19<br />
pandemic.<br />
It was ultimately decided there would be little benefit to adjusting<br />
the rate from its current low of 3.5% per annum. Experts expect<br />
the rate to remain low until late 2021.
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