All eyes are on the Monetary Policy Committee (MPC) of the Reserve Bank as it meets this week amid calls that the bank cut rates to stimulate economic growth.

Some analysts say inflation remains within the target range of between 3% and 6% and recent political developments in the African National Congress (ANC) give the MPC scope to cut rates on Thursday.

However, there are concerns about the impact of higher oil prices on inflation and this may make the MPC more cautious.

The MPC last year decided to keep rates unchanged.

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