Lesetja Kganyago Announcement

latest 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.

Reserve Bank cuts interest rates by a conservative 25 basis points

This comes as inflation cooled to 2.8% in October, below the Reserve Bank’s 3% to 6% target band

Anathi Madubela