South Africa central bank holds interest rate at 6.75%
South Africa kept its repo rate at 6.75% on Thursday amid regional risks. Officials expect inflation to rise due to higher fuel costs and a weaker rand.
Xurve View
Xurve View
The central bank of South Africa has maintained its key interest rate at 6.75% following a unanimous decision on Thursday. This outcome was anticipated by most economists, who expected the repo rate to remain steady as the conflict involving the United States and Israel against Iran is projected to increase price pressures in the continent's largest economy.
