NATIONAL NEWS - SA Reserve Bank (Sarb) governor Lesetja Kganyago announced at the bank on Thursday that they had decided to leave the repo rate unchanged.
The markets had widely expected the central bank to keep the repo rate on hold at 6.75% on the back of a depreciating rand.
Last year the bank unexpectedly raised the rate even though inflation remained contained within target while economic growth was still worryingly anaemic.
The increase of 25 basis points took the rate to 6.75%. The prime lending rate rose to 10.25%.
Kganyago said the Monetary Policy Committee unanimously decided to keep the rate unchanged today.
