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Repo Rate To Remain Unchanged At 6.5%

SA reserve Bank e1537454430412 - Repo Rate To Remain Unchanged At 6.5%

South African Reserve Bank (Sarb) Governor Lesetja Kganyago has announced that the repo rate will remain unchanged at 6.5%.

The repo rate is the rate at which the central bank lends money to commercial banks.

The decision follows this week’s Monetary Policy Committee meeting.

In July the bank also announced that it would keep the repo rate unchanged at 6.5%.

EWN

The post Repo Rate To Remain Unchanged At 6.5% appeared first on iAfrica.com.

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