South Africa Reserve Bank

South African Reserve Bank Tightens

November 22, 2018

The South African Reserve Bank surprised markets with an unexpected 25-basisĀ  point increase of the repo rate to 6.75% after their sixth and final planned policy review of 2018. This was the first rate change since a cut of 25 basis points last March. Officials want to head of rising inflation expectations amid inflation stubbornly […] More

South African Reserve Bank

May 24, 2018

A 25-basis point cut of the SARB repo rate to 6.50% in March had been the second such move since last July but was approved by only a thin 4-3 vote of the central bank’s monetary policy committee. Insofar as core inflation rose 0.4 percentage points in April to 4.5%, it was not surprising that […] More

South African Reserve Bank Repo Rate Kept at 6.75%

January 19, 2018

The main South African central bank interest rate was reduced 25 basis points six months ago to its current 6.75% level. This move represented a directional shift. Six prior increases from June 2014 until March 2016 had raised the rate from 5.0% to 7.0%. The result of this week’s first policy review of 2018 was […] More