While the South African Reserve Bank (SARB) decided to keep the repurchase rate (repo rate) unchanged this past week, the country’s cost of living crisis continues.
SARB governor Lesetja Kganyago announced the Monetary Policy Committee’s (MPC) decision on interest rates on Thursday, keeping the repo rate at 8.25%, while the prime lending rate stayed at 11.75%.
The rate remains elevated, with many
