The Reserve Bank on Thursday kept the repo rate unchanged at 5,75% per annum amid concerns over inflation and economic growth.

The Reserve Bank has decided to raise the repo rate by 25 basis points, taking it to 5.75%, Governor Gill Marcus said on Thursday.

The Reserve Bank's Monetary Policy Committee (MPC) has left the repo rate unchanged at 5.5% per annum.

The half point increase in the repo rate announced by the Reserve Bank on Wednesday (29 January 2014) certainly sent a shock wave through markets.

The Reserve Bank has hiked up the repo rate to 5.5%.

During the last meeting of the Reserve Bank's monetary policy committee in September this year it was decided to leave interest rates unchanged for the seventh time, a decision that has made it easier for many home owners to comfortably pay their mortgages.

The depreciation of the rand is estimated to spike inflation well above the 6% target, but the move would be “relatively constrained”, SA Reserve Bank Governor Gill Marcus said on Thursday.

The Consumer Price Index (CPI) in April remained unchanged at 5.9% year-on-year, Statistics South Africa (Stats SA) said on Wednesday.

The Reserve Bank’s Monetary Policy Committee (MPC) has kept the repo rate unchanged at 5%, Reserve Bank Governor Gill Marcus said on Wednesday.

Listed property was a beneficiary of August’s more benign interest rate expectations, with a 2.8% total return