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.
dailyinvestor.com/finance/24…
US lawmakers calls for SA to lose Agoa summit: A group of US legislators is calling for a US-Africa trade summit planned for later this year to be moved from SA in response to what they said was the country’s “deepening military relationship” with Russia. dlvr.it/Sqdyy2