Mail & Guardian
Mail & Guardian
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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