News Results

Earlier this afternoon, the Monetary Policy Committee of the South African Reserve Bank (‘SARB’) convened its sixth and final meeting of 2024.

This afternoon, the Monetary Policy Committee of the South African Reserve Bank (‘SARB’) convened its fourth meeting of the year.

SARB has again elected to keep the repurchase rate (repo rate) at 8.25% to regulate inflation, preserve financial stability, and facilitate economic growth.

SARB has again elected to keep the repurchase rate (repo rate) at 8.25% to regulate inflation and facilitate financial stability and economic growth

Some economic relief for South Africans as SA Reserve Bank keeps the interest rate unchanged

South Africa's central bank this afternoon announced that interest rates will be hiked - to a 13-year high - with 50 basis points.

The Reserve Bank's Monetary Policy Committee has voted in favour of another 0.25% interest rate hike today

This means our prime lending interest rate will increase from 7% to 7,25%.

The Monetary Policy Committee, in a unanimous decision, today decided to hold the REPO rate by 3.5 % with prime to remain at 7.%

The South African Reserve Bank's Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 3.5% per annum.