Reserve Bank keeps interest rates unchanged at 7% amid global uncertainty [SOUND]

# The South African Reserve Bank’s Monetary Policy Committee has kept the repo rate unchanged at seven-percent, citing ongoing inflation risks and global uncertainty linked to the conflict in the Middle East. Four members preferred a hold, while two favoured an increase of 25-basis points. Governor Lesetja Kganyago told the media inflation remains above the three-percent target, while economic growth is expected to slow in the coming months due to weaker consumer and business confidence: