Mail & Guardian
Mail & Guardian
monetary policy committee mpclatest news & developments
The South African Reserve Bank has kept the repo rate unchanged at 3.5%. (Oupa Nkosi)
COVID 19

The repo rate remains unchanged at 3.5%

Three members of the South African Reserve Bank’s Monetary Policy Committee(MPC) have decided to keep rates unchanged at 3.5%

  • Tshegofatso Mathe
4 min read
Reserve Bank governor Lesetja Kganyago said that this is the lowest repo rate since the system was introduced in 1998.
CORONAVIRUS

Reserve Bank cuts repo rate by 50 basis points

The Monetary Policy Committee has cut the repurchase rate by a further 50 basis points, after a two consecutive cuts of 100 basis points earlier this year

  • Thando Maeko
4 min read