# South African Reserve Bank governor Lesetja Kganyago says ongoing global uncertainty, particularly the conflict in the Middle East and volatile oil prices, could keep borrowing costs higher for longer. Speaking after the Monetary Policy Committee left the repo rate unchanged at seven-percent, Kganyago said inflation risks remain elevated and future interest rate decisions will depend on incoming economic data, inflation trends and global developments:
Reserve Bank governor says global uncertainty could keep borrowing costs high [SOUND]
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