# Reserve Bank leaves repo rate unchanged - Moneyweb

> The South African Reserve Bank kept its repo rate at 7%, with five MPC members voting to hold and one favouring a 25 basis point cut. The bank cut its 2017 inflation forecast to 5.9% and said political uncertainty poses downside risk to growth.

- Date: 2017-03-30 · published 2017-03-30T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/72271-reserve-bank-leaves-repo-rate-unchanged-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Holding rates while inflation eases keeps South African financing costs steady, with limited direct effect on grain or oilseed prices.

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/markets/reserve-bank-leaves-repo-rate-unchanged/

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