South Africa’s central bank kept the repurchase rate at which it lends to commercial banks at 6.75 percent on Thursday, saying some of the risks to the inflation outlook had dissipated somewhat.

“In light of the recent developments and the balance of risks, the MPC has decided that it would be appropriate to maintain the current monetary policy stance at this stage,” Reserve Bank governor Lesetja Kganyago told a news conference after its monetary policy committee (MPC) concluded its first meeting of the year.

– African News Agency (ANA)