{"id":9249,"date":"2012-03-24T03:25:27","date_gmt":"2012-03-24T01:25:27","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/preview-s-africas-repo-rate-seen-steady-at-5-5-pct\/"},"modified":"2012-03-24T03:25:27","modified_gmt":"2012-03-24T01:25:27","slug":"preview-s-africas-repo-rate-seen-steady-at-5-5-pct","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/preview-s-africas-repo-rate-seen-steady-at-5-5-pct\/","title":{"rendered":"PREVIEW-S.Africa&#8217;s repo rate seen steady at 5.5 pct"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>(For poll results, click on )<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>By Stella Mapenzauswa<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, March  23<\/span> (Reuters) &#8211; South Africa&#8217;s Reserve<br \/>\nBank will probably keep its repo rate at its current three<br \/>\ndecade lows next week to give the struggling economy more<br \/>\nleeway, although higher electricity and fuel costs could force<br \/>\nit to start tightening policy later in the year.<\/p>\n<p><span><\/span><\/p>\n<p>All 24 economists polled by Reuters expect the Reserve<br \/>\nBank&#8217;s Monetary Policy Committee to keep the repo rate at which<br \/>\nit lends to commercial banks unchanged at 5.5 percent next<br \/>\nThursday, with 12 seeing no change throughout 2012.<\/p>\n<p><span><\/span><\/p>\n<p>The majority view is that the next move for rates will be<br \/>\nup, with ten analysts expecting 50 basis points to be tacked on<br \/>\nbefore the end of this year.<\/p>\n<p><span><\/span><\/p>\n<p>Only one economist sees another cut to 5.0 percent in the<br \/>\nrepo during the third quarter, adding to 6.5 percentage points<br \/>\nof reductions in the two years to November 2010.<\/p>\n<p><span><\/span><\/p>\n<p>Government bonds sold off aggressively when unusually<br \/>\nhawkish comments on inflation from Reserve Bank Governor Gill<br \/>\nMarcus last week led some market players to price in the<br \/>\nstronger likelihood of higher rates by year-end.<\/p>\n<p><span><\/span><\/p>\n<p>But data on Thursday showed targeted consumer inflation<br \/>\nslowed unexpectedly to 6.1 percent in February, suggesting it<br \/>\nmight ease back into the Reserve Bank&#8217;s mandated 3-6 percent<br \/>\ntarget band earlier than expected.<\/p>\n<p><span><\/span><\/p>\n<p>It has been above the band since November last year.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(For poll results, click on ) By Stella Mapenzauswa JOHANNESBURG, March 23 (Reuters) &#8211; South Africa&#8217;s Reserve Bank will probably keep its repo rate at its current three decade lows next week to give the struggling economy more leeway, although higher electricity and fuel costs could force it to start tightening policy later in the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-9249","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=9249"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9249\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}