Repo rate remains unchanged at 5.75%

2015-01-29 15:39

The repo rate will remain unchanged at 5.75%, the SA Reserve Bank’s monetary policy committee has decided.

The domestic economic outlook remained subdued, said Sarb governor Lesetja Kganyago in Pretoria today.

He said the rand has been affected by domestic factors including the rolling power blackouts by Eskom.

In September, the repo rate remained unchanged at 5.75%, after it was increased by 25 basis points in July from 5.5%.

In March and May the repo rate remained unchanged, after it was increased by 50 basis points from 5% in January.

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