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15:44
Pam Golding Property group welcomes rates decision: "Although the economic recession caused house sales to slow and as a result less new homes to be built during that time, this has now created pent-up demand for homes and we are seeing an increasing take-up of available stock – both in terms of new and existing homes."
15:38
Tough times"@cnbcafrica: Growth remains weak #Marcus MPC Special live on DStv410"— Sophie Mokoena (@Sophie_Mokoena) September 19, 2013
15:36
Consumers with debt breath a sight of relief, but not too good news for people drawing earnings from their savings.
15:23
Rand at R9.64/$, up 1.74% on yesterday's close
15:20
Rate unchanged at 5%, prime rate stays at 8.5%
15:19
Marcus acknowledges consumers stay under pressure
15:19
Petrol prices increased 23% y/y in August ... moderate price decrease likely in October #SARB #MPC
— Moneyweb News (@Moneyweb) September 19, 2013
15:17
Can expect petrol price cut in October due to lower oil prices and stronger rand
15:17
Unsecured lending growth declining #SARB #MPC special
— CNBC Africa (@cnbcafrica) September 19, 2013
15:16
Corporates remain relatively cash flush
15:16
Trend of wage settlements remain an upside risk to inflation and job creation
— Mari Blumenthal (@LMariB) September 19, 2013
15:15
Impact on inflation dependent on the total wage bill
15:14
Consumption expenditure expected to stay subdued
15:13
Employment trends remain subdued: formal employment increased only 0.1% between q2-q3 #SARB #MPC
— Moneyweb News (@Moneyweb) September 19, 2013
15:13
Great concern loss of jobs
15:12
Fixed investment in private sector positive feature
15:11
Strikes to affect manufacturing, production outputs
15:10
Bank's forecast for GDP remains at 2% for 2013, 3.2% and 3.6% in next two years
15:09
#Fed tapering has helped rand - #SARB
— BusinessDay TV (@BusinessDayTV) September 19, 2013
15:08
Uncertainties in US economy reflected in tapering announcement
15:07
Fiscal policy and debt ceiling is a downside risk to US growth.
— Mari Blumenthal (@LMariB) September 19, 2013
15:06
We continue to expect inflation rate to moderate: #Marcus
— BusinessDay TV (@BusinessDayTV) September 19, 2013
15:05
Global economic prospects improved, but downside risks remain
15:03
Inflation average for 2013 5.2%
15:02
Runs through inflation figures released on Wednesday:
SA has higher inflation in the basics: food, fuel, electricity, education and medical expenses.
15:01
Gill Marcus starts talking
Cape Town - Analysts agree that the South African Reserve Bank will not hike interest rates soon and with the rand rebounding to near four month highs against the dollar the pressure may be off governor Gill Marcus to hike rates to curb inflation.
Core inflation breached the Bank’s 3% to 6% target range for the second month in August, but analysts say this may not be enough to justify a move away from the current 5% repo rate.
The rand went in freefall earlier this year after the US Federal Reserve signalled it will begin reducing monthly bond purchases of $85bn, lowering the appeal of emerging-market assets.
On Wednesday night, the Federal Reserve made a U-turn on its intentions to scale back its economic stimulus programme, expressing concerns about the economy's future growth.
The rand soared more than 2% overnight and by 14:30 the currency was trading at R9.63/$.
Fin24 will bring you live updates from the Sarb's Monetary Policy Committee meeting in Pretoria.
