# MPC keeps repo rate unchanged at 7% - Moneyweb

> The South African Reserve Bank's monetary policy committee kept the repo rate at 7% and cut its growth forecasts for 2017 and 2018. Governor Kganyago said inflation is within the 3-6% target but that the longer-term trajectory is uncomfortably close to the upper end.

- Date: 2017-05-25 · published 2017-05-25T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/71289-mpc-keeps-repo-rate-unchanged-at-7-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Holding rates high keeps domestic financing costs elevated for feed mills and livestock producers, and rand uncertainty remains a key inflation risk.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/south-africa/sarb-revises-gdp-growth-downwards-for-2017-2018/

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