The Reserve Bank in Pretoria. Picture: FINANCIAL MAIL
The Reserve Bank in Pretoria. Picture: FINANCIAL MAIL

THE Reserve Bank left the repo rate unchanged at 5.75%, as expected, on Thursday, but warned that a weak rand and uncertainty around oil prices remained a risk to the inflation outlook.

The Bank’s monetary policy committee (MPC) met from Tuesday until Thursday and had been expected to leave rates unchanged by a BDlive survey of 13 economists.

Rates have remained on hold since the MPC’s September meeting last year. They were last hiked by 25 basis points in July last year.