SAFTU rejects Reserve Bank’s decision to leave repo rate unchanged [SOUND]

# SAFTU says it rejects the South African Reserve Bank’s Monetary Policy Committee’s decision to once again leave the repo rate unchanged at 7-percent as anti-worker and anti-development. SAFTU’s spokesperson, Asive Dyani says this keeps the prime lending rate at a suffocating 10.5-percent. She says the decision is yet another indication that the MPC prioritises inflation targeting in the narrow interests of bankers and speculators over the urgent national priorities of economic growth: