MPC on hold for now
- The MPC left the repo rate unchanged at 7.0% at the May MPC meeting following a total of 75bps in Q1 16. Five of the MPC members preferred rates to be on hold whereas one member preferred a hike of 25bps.
The facts of the Constitutional Court
1. On 19 March 2014, the Public Protector issued a report entitled “Secure in Comfort” (“the Report") In the Report, the Public Protector was required to consider inter alia the following five issues: