Repo rate unchanged at 6.75% - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

South Africa to keep interest rates on hold on May 23 - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.South Africa’s Reserve Bank will leave interest rates unchanged next week as it manages a tight balancing act between inflation threatening to quicken later this year and a weak growth outlook, a Reuters poll found on Friday.
Source: SABC News Online - 🏆 32. / 51 Read more »