Interest rates hold steady as Middle East tensions cloud outlook
Economist, Dawie Roodt, says the decision to keep interest rates unchanged comes as no surprise, but warns that escalating tensions in the Middle East are creating uncertainty about the economic outlook. His remarks come after the South African Reserve Bank's (SARB) decision to hold the repo rate at 6.75%, with the prime lending rate remaining at 10.25%. Roodt however cautioned that the ongoing conflict is already driving up global oil […]
