While most economists said that the repo rate was too difficult to call, the MPC made the decision not to cut or increase. The Monetary Policy Committee of the Reserve Bank decided at its meeting this week to keep the repo rate unchanged and warned about geopolitical risk to the local economy. Four members of the committee voted to keep the repo rate unchanged at 6.75%, while two favoured a 25 basis points cut. Further gains in economic performance would come from reaching a prudent public debt level, lowering administered price inflation and continuing structural reforms that raise potential growth.”ALSO READ: Repo rate: will the Reserve Bank cut? “Against this backdrop, the MPC decided to keep the policy rate unchanged at 6.75%.”The Quarterly Projection Model continues to forecast gradual rate cuts as inflation subsides.