The Reserve Bank has left the repo rate unchanged at 6.5 per cent.
Reserve Bank Governor, Lesetja Kganyago has welcomed the Cyril Ramaphosa government’s efforts to address structural issues in an effort to boost growth.
The governor of the South African Reserve Bank, Lesetja Kganyago, has announced that the repurchase rate will remain unchanged at 6,5% per annum.
The Reserve Bank is forecasting an economic growth rate of 0.6% this year, climbing to 1.8% next year and 2% in 2021.
Reserve Bank governor Lesetja Kganyago says central banks on the continent are working together to harmonise their payment systems ahead of the roll-out of the Continental Free Trade Agreement in 2020.