Repo rate remains unchanged at 6.75%

The South African Reserve Bank has announced that the repo rate will remain unchanged at 6.75%

FILE: South African Reserve Bank Governor Lesetja Kganyago. Picture: AFP

PRETORIA - South African Reserve Bank (Sarb) governor Lesetja Kganyago has announced that the repo rate will remain unchanged at 6.75%.

In November the bank increased the repo rate by 25 basis points to 6.75%, and in March the bank's Monetary Policy Committee left it unchanged.

More details to follow.