monetary policy committeelatest news & developments
Reserve Bank governor Lesetja Kganyago

Reserve Bank cuts rate by 25 basis points to 7.25%

The announcement comes as the bank foresees lower global interest rates and a weaker outlook for the local economy

  • Aarti Bhana
3 min read
The South African Reserve Bank is likely to hold interest rates unchanged

Reserve Bank likely to leave interest rates unchanged on Thursday

Despite the global environment becoming less tense since the March meeting, the central bank will remain cautious, economists say

  • Aarti Bhana
3 min read
South African Reserve Bank governor Lesetja Kganyago. Photo: Waldo Swiegers/Bloomberg/Getty Images

Has the Reserve Bank abandoned its economic growth mandate?

The central bank has maintained price stability but needs to focus on growth given the high unemployment rate.

4 min read
South African Reserve Bank governor Lesetja Kganyago. Photo: Waldo Swiegers/Bloomberg/Getty Images

Reserve Bank holds interest rate at 7.5%

The monetary policy committee said it remains vigilant amid risks to inflation outlook on the global and domestic front

  • Aarti Bhana
3 min read
Annual consumer inflation was unchanged at 3.2% in February at 3.2%, with increases registered in housing and utilities, food and alcoholic beverages and restaurants and accommodation offset by decreases in the services sector, Statistics South Africa said on Wednesday. (Guillem Sartorio/Bloomberg via Getty Images)

Consumer inflation unchanged at 3.2% in February

With inflationary pressures heightened, the Reserve Bank might take a cautionary approach regarding its interest rate decision on Thursday

  • Aarti Bhana
2 min read
South African Reserve Bank governor Lesetja Kganyago. Photo: Waldo Swiegers/Bloomberg/Getty Images

Reserve Bank cuts repo rate to 7.5%

This was despite the central bank highlighting upside risks to the inflation outlook

  • Aarti Bhana
2 min read
The South African Reserve Bank is likely to hold interest rates unchanged

Reserve Bank expected to cut rates by 25 basis points this week

A third consecutive interest rate cut will help stimulate the economy, but the central bank will also be cautious about inflation pressures

  • Aarti Bhana
4 min read
The South African Reserve Bank is likely to hold interest rates unchanged

Reserve Bank to cut interest rates further this week, economists say

What is expected to be the second cut in an interest rate easing cycle would bring relief to consumers ahead of the festive season

  • Aarti Bhana
3 min read
Reserve Bank governor Lesetja Kganyago

Reserve Bank cuts repo rate to 8%

This comes as inflation eased to 4.4% in August, below the midpoint of the Reserve Bank’s 3-6% target band

  • Aarti Bhana
4 min read
Lesetja Kganyago. (Waldo Swiegers/Bloomberg via Getty Images)

Reserve Bank hold repo rate steady despite inflation pressures

Governor Lesetja Kganyago said the central bank would wait for the inflation rate to fall within its 3% to 6% target before it makes a cut

  • Des Erasmus
3 min read
Economists widely expect the South African Reserve Bank’s monetary policy committee to once again hold the interest rate at 8.25% when it concludes its meeting on Thursday.

Reserve Bank widely expected to hold interest rates this week

Consumer inflation remains sticky above the 4.5% midpoint of the central bank’s target range

  • Eyaaz
4 min read
Reserve Bank governor Lesetja Kganyago

Reserve Bank holds repo rate

Delivering the unanimous decision, central bank governor Lesetja Kganyago cited a still uncertain global outlook This content is restricted to registered users and subscribers. Get Your Free Account The Mail & Guardian is committed to providing all our readers with the best possible experience. Please register your free account now. Your registration is your first step to becoming an M&G community member. Register Registration enables: – M&G newsletters access – notifications – the best possible experience Already registered? Login here Want to subscribe and get even more benefits? Explore our subscription offers

  • Eyaaz
1 min read
The South African Reserve Bank is likely to hold interest rates unchanged

Disinflation uncertainty could push interest rate cuts to 2025

The US Federal Reserve’s ‘higher for longer’ stance and local election jitters have weighed on the rand, adding to price pressures This content is restricted to registered users and subscribers. Get Your Free Account The Mail & Guardian is committed to providing all our readers with the best possible experience. Please register your free account now. Your registration is your first step to becoming an M&G community member. Register Registration enables: – M&G newsletters access – notifications – the best possible experience Already registered? Login here Want to subscribe and get even more benefits? Explore our subscription offers

  • Eyaaz
1 min read
Reserve Bank governor Lesetja Kganyago

MPC holds repo rate at multi-year high

Inflation is now expected to return to the Reserve Bank’s midpoint target at the end of 2025, later than previously forecast This content is restricted to registered users and subscribers. Get Your Free Account The Mail & Guardian is committed to providing all our readers with the best possible experience. Please register your free account now. Your registration is your first step to becoming an M&G community member. Register Registration enables: – M&G newsletters access – notifications – the best possible experience Already registered? Login here Want to subscribe and get even more benefits? Explore our subscription offers

  • Eyaaz
1 min read
Economists expect the South African Reserve Bank’s monetary policy committee to keep borrowing costs unchanged

SARB will hold off on rate cuts until July, experts predict

Today’s monetary policy committee meeting comes in the wake of a surprise acceleration in South Africa’s annual inflation rate

  • Eyaaz
2 min read
David Fowkes, who was appointed as an adviser to the governors last December, has worked for the Reserve Bank since 2013. (LinkedIn/ David Fowkes)

Kganyago plugs monetary policy committee holes with new member

David Fowkes, who was appointed as an adviser to the governors last December, has worked for the Reserve Bank since 2013

  • Eyaaz
1 min read
Lesetja Kganyago, governor of South Africa’s central bank. (Waldo Swiegers/Bloomberg via Getty Images)

Reserve Bank sticks to its guns, keeps interest rates on hold

Governor Lesetja Kganyago suggested the central bank will look for the inflation rate to fall within its target before it administers relief This content is restricted to registered users and subscribers. Get Your Free Account The Mail & Guardian is committed to providing all our readers with the best possible experience. Please register your free account now. Your registration is your first step to becoming an M&G community member. Register Registration enables: – M&G newsletters access – notifications – the best possible experience Already registered? Login here Want to subscribe and get even more benefits? Explore our subscription offers

  • Eyaaz
1 min read
Economists expect the South African Reserve Bank’s monetary policy committee to keep borrowing costs unchanged

Reserve Bank holds repo rate, looks through shock inflation data

Despite ongoing volatility, the monetary policy committee revised its 2023 headline inflation forecast down slightly This content is restricted to registered users and subscribers. Get Your Free Account The Mail & Guardian is committed to providing all our readers with the best possible experience. Please register your free account now. Your registration is your first step to becoming an M&G community member. Register Registration enables: – M&G newsletters access – notifications – the best possible experience Already registered? Login here Want to subscribe and get even more benefits? Explore our subscription offers

  • Eyaaz
1 min read