South Africa's central bank keeps repo rate at 8.25% for the seventh time to combat inflation.

South Africa's central bank, the South African Reserve Bank (SARB), has maintained its repo rate at 8.25% for the seventh consecutive time to tackle inflation. SARB Governor, Lesetja Kganyago, announced the decision in Pretoria, stating that four members of the bank's monetary policy committee preferred an unchanged stance, while two members preferred a 25 basis point reduction. The inflation outlook has improved slightly, with headline inflation for May at 5.2%.