Mail & Guardian
Mail & Guardian

Reserve Bank holds repo rate, looks through shock inflation data

1 min read
The Reserve Bank has maintained the repo — at which it lends to commercial banks — steady at 8.25% for five consecutive meetings, since hiking it by 50 basis points in May 2023.
The Reserve Bank has maintained the repo — at which it lends to commercial banks — steady at 8.25% for five consecutive meetings, since hiking it by 50 basis points in May 2023.

Despite ongoing volatility, the monetary policy committee revised its 2023 headline inflation forecast down slightly

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