Business
South African Reserve Bank Maintains Main Repo Rate at 6.75%
JOHANNESBURG—The South African Reserve Bank unanimously decided to maintain its main repo rate at 6.75% on Thursday as it braces for the long-term consequences of the war in Iran.
The decision continues a pause in the bank’s cutting cycle that began in September 2024, when the SARB began to reduce rates from a 15-year high of 8.25%.
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