# Reserve Bank again keeps repo rate unchanged at 6.75% | News24

> The South African Reserve Bank's monetary policy committee kept the repo rate unchanged at 6.75%, as widely expected. The prime lending rate stays at 10.25%, and GDP growth for 2019 was forecast at 1%.

- Date: 2019-05-23 · published 2019-05-23T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/59384-reserve-bank-again-keeps-repo-rate-unchanged-at-6-75-news24
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Unchanged rates keep borrowing costs for South African feed producers and farmers steady. The decision has little direct effect on grain or feed prices.

## Read by commodity

- USDZAR: neutral

## Sources

- news24.com: https://www.news24.com/business/reserve-bank-again-keeps-repo-rate-unchanged-at-675-20190523

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.