Cosatu disappointed at the Reserve Bank holding the repo rate at 7% [SOUND]

# Cosatu says it is disappointed that the Reserve Bank’s Monetary Policy Committee failed to cut the repo rate, and provide relief for workers battling to cope with the rising costs of living. The repo rate remains unchanged at seven-percent, while the prime lending rate stays at 10.5-percent. Cosatu’s spokesperson, Matthew Parks, says SARB needs to utilise its November MPC meeting to slash the repo rate by at least 50-basis points: