SARB MPC Meeting - Interest Rate Announcement
- REPO Rate was kept UNCHANGED at 8.25%
- PRIME Overdraft Rate to remain UNCHANGED at 11.75%
This is better than the +0.25% expected.
(Summary of the MPC meeting to follow below)
June inflation came in at 5.4%, bringing it within the South African Reserve Bank’s target range of 3% to 6% for the first time since April 2022.
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