NATIONAL NEWS - South African Reserve Bank (Sarb) Governor Lesetja Kganyago has announced that the repo rate will remain unchanged at 6.75%.
The repo rate is the rate at which the central bank lends money to commercial banks.
The prime lending rate, which is the interest charged by banks to clients, will remain at 10.25%.
Kganyago says core inflation remains looks set to improve due to a better inflation rate - with growth also expected to improve to 0.9%.
Reserve Bank keeps repo rate stable at 6.75%
Share
Lesetja Kganyago
Read more about:
reserve bank
repo rate
Lesetja Kganyago
Posted on: 15:32 Thu, 18 January 2018
More Group Editors Publications & Online Platforms
Knysna-Plett Herald proudly displays the “FAIR” stamp of the Press Council of South Africa, indicating our commitment to adhere to the Code of Ethics for Print and online media which prescribes that our reportage is truthful, accurate and fair. Should you wish to lodge a complaint about our news coverage, please lodge a complaint on the Press Council’s website, www.presscouncil.org.za or email the complaint to enquiries@ombudsman.org.za. Contact the Press Council on 0114843612.
Copyright 2025 Group Editors Company (Pty) Ltd, Registration Number 1963/002133/07 t/a Knysna-Plett Herald
