SA’s lower lending rate could stay for next two years – deputy governor

South Africa’s consumer inflation is likely to remain within the target range of between 3% and 6%, allowing the Reserve Bank (Sarb) to keep an “accommodative” rate stance for at least the next two years, deputy governor Fundi Tshazibana said on Wednesday.

“Baring materialisation of upside risks, this benign inflation outlook should allow the Sarb to maintain an accommodative stance for most of the coming two years, and only withdraw stimulus in a gradual fashion,” Tshazibana said in a speech to a fixed income conference, published on the bank’s website.