south africa consumer inflation july 2025latest news & developments
Reserve Bank governor Lesetja Kganyago

Reserve Banks keeps interest rate unchanged as widely expected

The decision was not unanimous; four monetary policy committee members preferred to keep rates on hold, while two favoured a 25 basis point cut

  • Aarti Bhana
3 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 likely to keep rates unchanged as lower inflation target complicates the picture

Economists are uncertain about how the bank will adjust its policies based on the lower target it has signalled it wants to pursue

  • Aarti Bhana
5 min read