Cosatu calls on the Reserve Bank to cut the repo rate [SOUND]

# Cosatu is calling on the South African Reserve Bank’s Monetary Policy Committee to cut the repo rate by at least 25 basis points at its meeting today. Most economists predict a repo rate cut due to inflation remaining tame. Cosatu’s spokesperson, Zanele Sabela, says even though the rate of inflation has ticked up marginally, the MPC still has ample room to manoeuvre, particularly as inflation still lingers at the bottom of the three-to-six-percent target range: