{"id":144435,"date":"2016-11-24T15:48:38","date_gmt":"2016-11-24T13:48:38","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=144435"},"modified":"2016-11-24T15:50:17","modified_gmt":"2016-11-24T13:50:17","slug":"sa-reserve-bank-keeps-interest-rates-unchanged-at-7","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/144435\/sa-reserve-bank-keeps-interest-rates-unchanged-at-7\/","title":{"rendered":"SA Reserve Bank keeps interest rates unchanged at 7%"},"content":{"rendered":"<p>South African Reserve Bank (Sarb) governor Lesetja Kganyago on Thursday announced interest rates will remain steady at 7%.<\/p>\n<p>The prime lending rate therefore stays at 10.5%.<\/p>\n<p>South Africans have already seen a total interest rate increase of 100 basis points since November last year.<\/p>\n<p>Despite higher-than-expected headline inflation at 6.4% in October, the Sarb kept interest rates unchanged amid low economic growth and subdued consumer spending.<\/p>\n<p>Kganyago said the central bank expects core inflation to peak at 5.8% in the fourth quarter, remaining within the target range.<\/p>\n<p>It was no massive surprise as the MPC kept rates on hold, said TreasuryOne.<\/p>\n<p>The rand, which was trading at R14.21 just before the announcement, held steady and was trading at R14.24\/$ on account of international pressures from the stronger dollar.<\/p>\n<p><a href=\"http:\/\/www.fin24.com\/Economy\/interest-rates-extra-time-for-borrowers-20161124\" target=\"_blank\">News24<\/a><\/p>\n<p>Read: \u00a0<a href=\"https:\/\/businesstech.co.za\/news\/finance\/144257\/junk-status-is-not-a-big-deal-zuma\/\" target=\"_blank\"><strong>Junk status is not a big deal: Zuma<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>South African Reserve Bank (Sarb) governor Lesetja Kganyago on Thursday announced interest rates will remain steady at 7%.<\/p>\n","protected":false},"author":35,"featured_media":115086,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[25],"class_list":["post-144435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-active"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/144435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=144435"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/144435\/revisions"}],"predecessor-version":[{"id":144441,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/144435\/revisions\/144441"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/115086"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=144435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=144435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=144435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}