The Monetary Policy Committee of the Reserve Bank decided at its meeting this week to keep the repo rate unchanged and warned about geopolitical risk to the local economy.
Four members of the committee voted to keep the repo rate unchanged at 6.75, while two favoured a 25 basis points cut.
Lesetja Kganyago, governor of the South African Reserve Bank Sarb, made the announcement on Thursday afternoon in Pretoria after the meeting of the Monetary Policy Committee MPC. He pointed out what most of us already know 2025 was a watershed year for the South African economy.
