Economist warns more repo rate hikes on the cards
An economist says even though it's a huge relief that the South African Reserve Bank is finally in a position to halt repo rate increases, indebted consumers are not entirely out of the woods.
The Reserve Bank’s Monetary Policy Committee decided to keep the repo rate unchanged at 8.25% on Thursday.
Economist Dawie Roodt says this is a possibility for a further tightening of monetary policy.
"I'm pretty sure that the worst is behind us for now."
Roodt says inflation is finally showing some signs of coming down.
"The Reserve Bank has to be quite successful. This was a very tough battle, it might be necessary to increase the interest rate again. Now I think the worst is certainly around that this was the right thing to do."
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