The South African Reserve Banks SARB Monetary Policy Committee MPC is expected to deliver its first interest rate decision of the year on Thursday afternoon in Pretoria.
The bank last cut rates by 25-basis-points in November last year, taking the repo rate to 6.75 and the prime lending rate to 10.25.
The Reserve Bank expects inflation to average 3.5 this year and to converge toward the new 3 inflation target next year.
