SARB

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Repo Rate Remains Unchanged Amid Economic Uncertainty

The South African Reserve Bank (SARB) Monetary Policy Committee has decided to keep the repo rate steady at 7.5%, maintaining the prime lending rate at 11%. SARB Governor Lesetja Kganyago cited economic uncertainty, and inflation risks as key factors behind the decision. “The global economy is facing extreme uncertainty. Trade tensions have escalated, and longstanding geopolitical relationships are shifting abruptly. Under these conditions, the economic outlook remains unpredictable,” Kganyago stated. […]

today20 March 2025

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Economists predicts interest rate cuts in next coming days

By Loushe Jordaan Gilbert The argument about whether the South African Reserve Bank (SARB) will cut rates has shifted to how much it will cut rates after consumer inflation dropped to its lowest level in three years last month. According to Stats SA, the annual inflation rate decreased to 4.6% in July from 5.1% in June. It is only ten basis points over the goal midway set by the central […]

today22 August 2024

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Relief for South African pockets as Reserve Bank holds interest rates

By Ragheema Mclean The South African Reserve Bank’s (SARB’s) Monetary Policy Committee (MPC) has kept the repo rate unchanged for a third straight meeting. This means that the interest rates that consumers will pay on their credit will remain unchanged for now. This decision, in tandem with economist forecasts, keeps the repo rate at 8.25%, with the prime lending rate at 11.75%, ensuring stability in the interest rates for consumers, […]

today24 November 2023

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Public Protector plotted with Presidency on SARB mandate: report

Public Protector Busisiwe Mkhwebane conspired with the Presidency to have the mandate of the Reserve Bank changed, the bank stated in a new affidavit filed on Monday. SARB spokesperson Jabulani Sikhakhane confirmed that SARB filed the new affidavit on Monday, in which the bank indicates that Mkhwebane had met with the Presidency and the State Security Agency to amend the Reserve Bank’s Constitutional mandate to protect the currency. EWN reported […]

today12 September 2017

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