The Monetary Policy Committee (MPC) of the SA Reserve Bank (SARB) today left the repurchase rate unchanged at 7% per annum.
SARB Governor, Lesetja Kganyago, said the decision was unanimous.
“The MPC remains concerned that the inflation trajectory is uncomfortably close to the upper end of the target range. Furthermore, the uncertain environment and moderately higher risks to the inflation outlook require continued vigilance. While the MPC retains the view that we may be close to the end of the hiking cycle, there may be a reassessment of this position should the upside risks transpire,” Kganyago added.