💨 Abstract
The South African Reserve Bank (SARB) kept interest rates unchanged, with the repo rate at 7% and the prime lending rate at 10.50%. The decision was made during the Monetary Policy Committee (MPC) meeting, with a split vote indicating debate over future monetary policy. Governor Lesetja Kganyago noted improved economic outlook but persistent inflationary pressures, particularly from electricity prices.
Courtesy: Garrin Lambley
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