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interest rate decisionlatest news & developments
Reserve Bank governor Lesetja Kganyago announced on Thursday that the monetary policy committee had increased the repo rate by 25 basis points to 7%, effective from 29 May.
30 PERCENT TARIFF SOUTH AFRICA

Reserve Bank cuts interest rates to 7% in widely expected decision

With low inflation, the monetary policy committee said it is aiming for inflation to settle at 3% — the bottom of its target range — to spur economic growth

  • Aarti Bhana
4 min read
The South African Reserve Bank has room to consider an interest rate cut at this week’s monetary policy committee meeting. (Oupa Nkosi)
30 PERCENT TARIFF SOUTH AFRICA

Reserve Bank to lower interest rates again, economists forecast

Economists are also watching out for whether the central bank will adjust the target for inflation, which for now remains within a 3-6% target band

  • Aarti Bhana
4 min read
The South African Reserve Bank is likely to hold interest rates unchanged
BUDGET SPEECH

Reserve Bank likely to leave interest rates unchanged on Thursday

Despite the global environment becoming less tense since the March meeting, the central bank will remain cautious, economists say

  • Aarti Bhana
3 min read
Annual consumer inflation was unchanged at 3.2% in February at 3.2%, with increases registered in housing and utilities, food and alcoholic beverages and restaurants and accommodation offset by decreases in the services sector, Statistics South Africa said on Wednesday. (Guillem Sartorio/Bloomberg via Getty Images)
BUSINESS

Consumer inflation unchanged at 3.2% in February

With inflationary pressures heightened, the Reserve Bank might take a cautionary approach regarding its interest rate decision on Thursday

  • Aarti Bhana
2 min read