SARB keeps repo rate unchanged at 8.25%

South Africa's Central Bank kept its main interest rate unchanged at 8.25 per cent in a decision announced earlier, as expected. The decision by the Monetary Policy Committee was split, with four members preferring an unchanged stance and two preferring a 25-basis-point rate cut. Governor for the Reserve Bank, Lesetja Kganyago vowed not to loosen policy until consumer prices recoiled back to the 4.5 per cent midpoint of its target range.