Sarb leaves record low interest rates unchanged
South Africa’s repo rate remains unchanged at 3.5%, announced South African Reserve Bank (Sarb) Governor Lesetja Kganyago on Thursday.
The Sarb’s famously conservative Monetary Policy Committee has cut the repo rate by 275 basis points so far this year.
The Sarb targets an inflation rate of between 3% and 6%.
The country’s inflation rate in September (the latest available figure) was 3%.
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