Repo Rate Unchanged At 6.75%

South African Reserve Bank Governer Lesetja Kganyago announced that the repo rate remains unchanged at 6.75%.
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