Repo Rate Unchanged At 6.75%

South African Reserve Bank Governer Lesetja Kganyago.
South African Reserve Bank Governer Lesetja Kganyago.

South African Reserve Bank (Sarb) governor Lesetja Kganyago has announced that the repo rate will remain unchanged at 6.75%.

In November the bank increased the repo rate by 25 basis points to 6.75%, and in March the bank’s Monetary Policy Committee left it unchanged.

EWN