The Reserve Bank on Thursday kept the repo rate unchanged at 5.75% per annum.
The prime lending rate will remain at 9.25%.
South African Reserve Bank governor Gill Marcus made the announcement amid a domestic growth outlook that the Monetary Policy Committee described as weak.
The repo rate – the rate at which the central bank lends money to commercial banks – was hiked by 50 basis points to 5.5% in January 2014.
It was increased by 25 basis points to 5.75% in July. – SAnews.gov.za
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Article source: http://mype.co.za/new/repo-rate-unchanged/39979/2014/09
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