Courtesy: Moneyweb
By Suren Naidoo and * With additional reporting by Ntando Thukwana or Bloomberg.
South Africa’s Reserve Bank took a cautious approach, opting to hold the repo rate steady at 6.75% on Thursday at its first Monetary Policy Committee (MPC) meeting of 2026, despite a surging rand and a benign inflation outlook.
The decision, announced by central bank governor Lesetja Kganyago in Pretoria, keeps commercial banks’ prime interest rate at 10.25%.
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