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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
Consumer inflation edged higher to April to 2.8% year-on-year from 2.7% in March, driven mainly by the housing and utilities as well as the alcoholic beverages and tobacco categories, Statistics South Africa said on Wednesday.

Consumer inflation ticks up for third straight month as Stats SA adjusts basket

The South African Reserve Bank has warned of an upside risk to the inflation outlook

  • Eyaaz
1 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
South Africans want to travel, especially over December and January, as they need the break.

Sunnier outlook: SA travellers ready to book their end-of-year breaks

Global tourism has reached 96% of pre-pandemic levels; tails are up

  • Derek Davey
5 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
The South African Reserve Bank is likely to hold interest rates unchanged

Reserve Bank expected to cut interest rates marginally as inflation moderates

Better than expected inflation outcomes domestically and globally back the case for the central bank to cut the repo rate to 8%, economists said 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

  • Aarti Bhana
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