The South African Reserve Bank (SARB) has opted to keep its main lending rate unchanged at 6.75% during the Monetary Policy Committee (MPC) meeting held on Thursday, aiming to further monitor inflation expectations before any potential shifts in monetary policy, reports Cape {town} Etc. ‘Markets are jittery,’ Kganyago stated, noting that while asset prices have shown resilience, the precarious nature of global growth remains a concern. With the rate settling at 3.6% in December, Kganyago highlighted that it has remained close to the SARB’s 3% target. Moyo reiterated that, while the SARB’s quarterly projection model indicates the possibility of rate cuts later this year, it is taking a cautious approach given the persistently high inflation risks linked to food and energy prices. ‘While the risks to our inflation outlook are balanced,’ he stated,‘our commitment to anchoring inflation expectations at 3% is unwavering,’Be the first to know – Join our WhatsApp Channel for content worth tapping into!