Relief as 'cautious' SARB keeps repo rate on hold
Economists welcomed the central bank’s decision to keep the repo rate on hold despite headwinds in the global and domestic outlook
23 March 2025 - 09:08
Economists welcomed the central bank’s decision to keep the repo rate on hold despite a number of headwinds in the global and domestic outlook, including trade fragmentation, an electricity tariff hike and the budget’s VAT hike.
The South African Reserve Bank’s monetary policy committee (MPC) kept the repo rate unchanged at 7.5%, with four members supporting a hold in rates and two favouring a cut of 25 basis points...
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