Reserve Bank Governor Gill Marcus announced an interest rate hike on Thursday, while highlighting strike action and excessive salaries and bonuses.
The recent rates hikes by distressed emerging markets are also due to a slowdown in China.
The repo rate hike will probably increase the price of residential rentals and could affect the Consumer Price Index, says FNB.
A lower-than-expected inflation increase means there is less chance of a repo rate hike in the next quarter, say analysts.
The Reserve Bank's acknowledgment that a rate hike had been discussed extensively has caused the rand to strengthen and bond yields to go up.
The repo rate will remain unchanged at 5%, meaning that the prime lending rate from banks to consumers will stay at 8.5%, says Gill Marcus.
Governor Gill Marcus says the South African Reserve Bank will maintain the current repo rate.
Reserve Bank Governor Gill Marcus says rising inflationary risks from a weaker rand and a slowing economy are limiting room to adjust interest rates.
Cosatu says the South African Reserve Bank has "missed yet another opportunity" to alleviate unemployment by keeping the repo rate unchanged.
A flailing rand dogged by labour unrest and the threat of unreasonably high wages has prompted the SA Reserve Bank to keep the repo rate unchanged.
As expected, the reserve bank left the repo rate unchanged at 5% at its monetary policy committee (MPC) meeting.
Following its monetary police committee's three-day meeting, the South African Reserve Bank has left the repo rate at 5% for the third time.
The Reserve Bank's monetary policy committee has kept the repo rate unchanged at 5%.
The South African Reserve Bank has announced it would stick to its accommodative stance on monetary policy.
Food and petrol price rises are expected to pose the greatest risk to inflation in the near future.
The South African Reserve Bank has left the repo rate unchanged at 5%, saying there was no need for more monetary loosening.
The monetary policy committee on Thursday decided to leave the repo rate -- at which the Reserve Bank lends to commercial bank at 5.5%.
Reserve Bank governor Gill Marcus has again announced interest rates will remain unchanged at 5.5%.