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Monetary Policy Committee | 19 May 2016 | Interest Rate Review and Outlook

The MPC left the repo rate unchanged at 7.0% at the May MPC meeting following prior increases of 0.75% in Q1 2016. Five of the MPC members preferred rates to remain on hold whereas one member preferred a hike of 0.25%.

Tertia Jacobs, treasury economist at Investec, provides some additional context and rationale to the decision as well as its impact on the rand. Find out more: http://invest.ec/1TTJHxz

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About Investec
Investec
Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to a niche client base in three principal markets, the United Kingdom, South Africa and Australia, as well as certain other geographies. Investec’s strategic goals are motivated by the desire to develop an efficient and integrated business on an international scale through the active pursuit of clearly established core competencies in the group’s principal business areas.
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