Reserve Bank expected to maintain repo rate at 6.75%
pre-market1 source ↓written by the desknot a recommendation
- 3.6% in December
The Reserve Bank is anticipated to keep the repo rate unchanged at 6.75% during its announcement on Thursday. This decision means consumers will maintain their current debt repayment levels, while savers will continue to earn the same interest rate. The prime lending rate remains at 10.5%, as the MPC aims to control inflation, which was 3.6% in December.
Not investment advice. For informational purposes only.