Kganyago says more structural reforms are necessary to deal with the current economic challenges.
The South African Reserve Bank has decided to keep the repo rate unchanged at 6.75%. Reserve Bank GovernorThe bank last hiked the rate in November last year, when the Monetary Policy Committee introduced a 25-basis point increase.“ The committee remains of the view that current challenges facing the economy are primarily structural in nature and cannot be resolved by Monetary Policy alone.
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