# Repo rate left unchanged at 7% | SAnews

> The South African Reserve Bank held the repo rate at 7% and said the tightening cycle may be over. Inflation forecasts were lowered, with headline CPI expected to return to target in Q2 2017.

- Date: 2017-03-30 · published 2017-03-30T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/72273-repo-rate-left-unchanged-at-7-sanews
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

The rate hold and lower inflation outlook have minimal direct impact on animal feed commodity prices.

## Sources

- sanews.gov.za: https://www.sanews.gov.za/south-africa/repo-rate-left-unchanged-7

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