Sarb keeps interest rates unchanged, predict little joy until end of 2025

27 Mar

Thapelo Lekabe

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Reserve Bank governor Lesetja Kganyago.

X / @SAReserveBank

BUSINESS

In line with market expectations, the Reserve Bank (Sarb) has kept interest rates unchanged for the fifth consecutive monetary policy committee (MPC) meeting, Governor Lesetja Kganyago announced on Wednesday.

In a unanimous decision, the MPC kept the repo rate the same at 8.25%, its highest level in 15 years since May 2023.

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