💨 Abstract

The South African Reserve Bank (SARB) maintained the repo rate at 6.75% and the prime lending rate at 10.25%, citing global economic uncertainty due to Middle East conflicts. While February's consumer inflation met the SARB's target, geopolitical tensions and rising oil prices pose risks. SARB Governor Lesetja Kganyago warned of potential rate hikes if the conflict persists, aiming to control inflation and stabilize the economy.

Courtesy: Garrin Lambley