The announcement comes as the bank foresees lower global interest rates and a weaker outlook for the local economy
Despite the global environment becoming less tense since the March meeting, the central bank will remain cautious, economists say
This comes as inflation eased to 4.4% in August, below the midpoint of the Reserve Bank’s 3-6% target band
Consumer inflation remains sticky above the 4.5% midpoint of the central bank’s target range
Delivering the unanimous decision, central bank governor Lesetja Kganyago cited a still uncertain global outlook This content is restricted to registered users and subscribers. Get Your Free Account The Mail & Guardian is committed to providing all our readers with the best possible experience. Please register your free account now. Your registration is your first step to becoming an M&G community member. Register Registration enables: – M&G newsletters access – notifications – the best possible experience Already registered? Login here Want to subscribe and get even more benefits? Explore our subscription offers