North West University School of Business economist and professor Raymond Parsons says that the Monetary Policy Committee of the South African Reserve Bank, by leaving the repo rate unchanged at 3.5%, has failed to give the economy the injection of confidence it needs. Parsons said it was regrettable that, as the intensified Covid-19 pandemic continues, a majority of the MPC members did not see their way clear to give economic recovery this year a little more interest rate support.
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