The Reserve Bank Remains Dovish Amid Political Uncertainty

SOUTH AFRICA - Report 31 Mar 2017 by Iraj Abedian

The South African Reserve Bank’s monetary policy committee has once again opted to keep the benchmark interest rate at 7% and therefore the prime lending rate at 10.5%. This took place amid the latest political turmoil that is once again spearheaded by the Republic’s President, Mr Jacob Zuma.

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