Global EconomyIMPORTANTJuly 23 at 09:05 AM

SARB leaves interest rates unchanged at 7.00% (exp. 7.25%) in a 4-2 vote split

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SARB unexpectedly held the repo rate at 7.00% (4-2 vote) despite inflation risks. While 2026 CPI forecasts improved to 4.0%, the bank warned that additional hikes remain possible under adverse scenarios.

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