No change in interest rates but Bank warns of myriad risks
The repo rate remains at 6.75%, in line with expectations
The Reserve Bank’s monetary policy committee (MPC) has kept interest rates unchanged in line with expectations. Interest rates remain at 6.75%. All 17 economists polled by Bloomberg expected the repo rate to remain unchanged as the Bank’s MPC contended with a weak economy and lower inflation. This will come as a relief to cash-strapped consumers who face further fuel-price increases and slightly higher debt service costs, which have dented confidence.
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