monetary policylatest news & developments
Reserve Bank governor Lesetja Kganyago

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)

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
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