Reserve Bank keeps repo rate at 6.75%, cites geopolitical risks
after close1 source ↓written by the desknot a recommendation
The Reserve Bank's Monetary Policy Committee decided to maintain the repo rate at 6.75%, with four members voting for no change. The committee highlighted geopolitical risks affecting the local economy, despite ongoing domestic reforms that have led to lower borrowing costs and improved inflation expectations. This decision may influence market sentiment and borrowing costs moving forward.
Not investment advice. For informational purposes only.