JOHANNESBURG, March 20 (Xinhua) -- The South African Reserve Bank (SARB) has kept the repo rate unchanged at 7.5 percent due to inflation remaining within the target range, the central bank announced on Thursday.
Lesetja Kganyago, governor of the SARB, made the remarks while announcing the decision of the Monetary Policy Committee (MPC). He said four committee members preferred maintaining the repo rate at 7.5 percent, while two favored a 25-basis-point cut.
