Repo rate unchanged again
The Reserve Bank's Monetary Policy Committee has unanimously decided to hold interest rates.
The repo rate will remain unchanged at 3.5 percent.
Governor Lesetja Kganyago says economic and financial conditions are expected to remain volatile for the foreseeable
future.
The International Monetary Fund has revised the 2021 growth forecast for the world's economy up to 6 percent.
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The Reserve Bank expects South Africa's economy to grow by 4.2% this year.
Kganyago says vaccination programmes in some parts of the world have improved global economic growth projections and boosted confidence significantly.
But he warns emerging economies are lagging behind and this will impact sectors that depend on close contact.
