SARB Keeps Repo Rate At 6.75%

The South African Reserve Bank's Monetary Policy Committee this week kept the repo rate unchanged at 6.75%, with four members supporting the decision and two favouring a 25 basis-point cut. Governor Lesetja Kganyago cited progress on domestic reforms, 2025 as a watershed year, and near-term inflation around 3.2% (December 3.6%), while forecasting gradual cuts toward neutral by 2027.