bronwyn cmon joins us now from johannesburg bronwyn some say interest rates need to go down to boost the economy why did the central bank decided to sit still this time. absolutely if you look at our growth picture it would seem that we should definitely have cut today but i was speaking to an analyst after the announcement and she said that it's launch day because we have the medium term budget policy statement being presented at the end of october and that is unlikely to draw a very pretty picture of the currency of the country's finances because of how we are having to support state owned enterprises and because of that we're going to have a lot of currency risk where we could see that impact inflation so she believes that we just needed that little bit extra breathing room so that's why the south african reserve bank kept rates on hold today there was some hope that. this meeting what seems to been taken off the table. up until the announcement to the off to noon a lot of analysts had expected that rates would be cut at the november meeting and certainly a lot of what was see tod