💨 Abstract

The South African Reserve Bank (SARB) decided to maintain interest rates, disappointing those with debt. Governor Lesetja Kganyago announced the decision, with four of the six Monetary Policy Committee members supporting it, while two favored a 25 basis point cut. The repo rate remains at 7%, and the prime lending rate at 10.5%. The next meeting is scheduled for November 20.

Courtesy: Garrin Lambley