Repo Rate Cut to 7% as SARB Responds to Weakening Confidence and Stable Inflation
The South African Reserve Bank (SARB) has announced a reduction in the repo rate to 7%, effective from Friday (1 August 2025). The decision follows growing concerns over weakening business and consumer confidence amid persistent economic challenges. Delivering the Monetary Policy Committee’s statement, Reserve Bank Governor Lesetja Kganyago said the move was driven by stable inflation, currently measured at 3%, well within the Reserve Bank’s target range. Although food prices […]
