– The country’s economic growth threatened by advanced economies, markets, electricity supply, strikes.
– The outlook for mining sector remains bleak.
– The new vehicles sales likely to continue falling.
– Bank’s forecast average inflation rate for 2014 is 6.3 % – unchanged
– Domestic economic outlook remains fragile.
– Growth in credit extension by the banking system to the private sector maintains its weak underlying trend
– Weakening trend of household consumption continues
– Bank’s forecast for 2014 growth has been revised to 2,6% from 2.8% in 2013
– Rand exchange rate will continue to be highly sensitive
– Governor Marcus describing the #SARB’s dilemma: normalising policy amid weak growth and an uncertain global environment
– The Repo rate is kept on hold at 5.5% – Not unanimous decision‚ further hikes likely
– The South African rand pretty much unchanged after the SARB’s rate decision: bid at R10.69 to the US Dollar