Repo rate likely to remain unchanged: economist
The Reserve Bank's Monetary Policy Committee is sitting for its two-day meeting in Pretoria.
On Thursday, an outcome of whether there'll be an adjustment to the repo rate - the interest rate at which it lends money to private banks - will be known.
In May, the Reserve Bank left the repo rate unchanged at 7% meaning prime remained at 10.5%.
Economist, Dawie Roodt says we're likely to see a repeat of what happened two months ago, even though there are a couple of factors that favour a decrease.
"My expectation is that the Reserve Bank is not going to cut interest rates this week. However, the political and economic environment generally is so uncertain at the moment in South Africa that the Reserve Bank would rather at least for another two months or so to make sure there's more stability in South Africa before they cut interest rates again," he said.