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Repo rate remains unchanged at 6.5%

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The Reserve Bank has kept the repo rate unchanged at 6.5%  and lending rate at 10%.

“At this levels the MPC still assesses the stance of monetary policy to be accommodative and appropriate given forecast inflation trajectory and the current state of the economy,” says Reserve Bank Governor Lesetja Kganyago.

Kganyago made the announcement on Thursday afternoon. Even though the repo rate has remained the same, Kganyago has warned about future hikes.

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