Repo Rate Remains Unchanged Amid Economic Uncertainty
The South African Reserve Bank (SARB) Monetary Policy Committee has decided to keep the repo rate steady at 7.5%, maintaining the prime lending rate at 11%. SARB Governor Lesetja Kganyago cited economic uncertainty, and inflation risks as key factors behind the decision. “The global economy is facing extreme uncertainty. Trade tensions have escalated, and longstanding geopolitical relationships are shifting abruptly. Under these conditions, the economic outlook remains unpredictable,” Kganyago stated. […]
