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Repo rate unchanged

Reserve Bank governor Lesetja Kganyago
Photo by Duane Daws
Reserve Bank governor Lesetja Kganyago

29th January 2015

By: Sapa

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

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

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He said that 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%.

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

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