Reserve Bank keeps interest rates unchanged at 8.25%

JOHANNESBURG - The Reserve Bank left its key repo rate unchanged at a 14-year high of 8.25%.

While consumers escaped being squeezed with higher rates, the Reserve Bank indicated that there are still factors that pose risks to inflation.

READ: CPI INCREASES TO 4.8%

On Wednesday, inflation increased marginally to 4.8% in August from 4.7% last month.

This is mainly due to the effects of fuel inflation.

Fuel prices have risen sharply over the last few weeks.

The increases have a knock-on effect on food and transport costs.