Repo Rate
latest news & developments
Reserve Bank hikes interest rate for first time since 2023 as oil shock, inflation risks mount
South African Reserve Bank raises interest rate to 7%, warning that oil shocks, food inflation and global instability could drive prices higher
Reserve Bank cuts rate by 25 basis points to 7.25%
The announcement comes as the bank foresees lower global interest rates and a weaker outlook for the local economy
Consumer inflation ticks up for third straight month as Stats SA adjusts basket
The South African Reserve Bank has warned of an upside risk to the inflation outlook
Reserve Bank cuts repo rate to 7.5%
This was despite the central bank highlighting upside risks to the inflation outlook
Reserve Bank expected to cut rates by 25 basis points this week
A third consecutive interest rate cut will help stimulate the economy, but the central bank will also be cautious about inflation pressures
Sunnier outlook: SA travellers ready to book their end-of-year breaks
Global tourism has reached 96% of pre-pandemic levels; tails are up
Reserve Bank cuts repo rate to 8%
This comes as inflation eased to 4.4% in August, below the midpoint of the Reserve Bank’s 3-6% target band
Reserve Bank expected to cut interest rates marginally as inflation moderates
Better than expected inflation outcomes domestically and globally back the case for the central bank to cut the repo rate to 8%, economists said This content is restricted to…
MPC holds repo rate at multi-year high
Inflation is now expected to return to the Reserve Bank’s midpoint target at the end of 2025, later than previously forecast This content is restricted to registered users and…
SARB will hold off on rate cuts until July, experts predict
Today’s monetary policy committee meeting comes in the wake of a surprise acceleration in South Africa’s annual inflation rate
Kganyago plugs monetary policy committee holes with new member
David Fowkes, who was appointed as an adviser to the governors last December, has worked for the Reserve Bank since 2013
Reserve Bank sticks to its guns, keeps interest rates on hold
Governor Lesetja Kganyago suggested the central bank will look for the inflation rate to fall within its target before it administers relief This content is restricted to…
Summer’s still not here: Reserve Bank holds restrictive repo rate
Central bank governor Lesetja Kganyago said the job of tackling inflation was not done yet
Consumers dipping into trusts amid financial strain
With interest rates at a 14-year high, many South Africans have depleted their emergency savings
No change to repo rate but bank warns it is not the end of hikes
Sticky inflation in major economies suggests that average interest rates will remain high and upside risks to the domestic inflation outlook remain