South African monetary policy

No Follow-Up Rate Cut at the South African Reserve Bank

September 20, 2012

At its previous meeting the MPC assessed that conditions justified a pre-emptive loosening of the monetary policy stance. Although global and domestic growth conditions remain challenging, the MPC is of the view that a further reduction in the repurchase rate is not appropriate at this stage. The MPC has therefore decided to keep the repurchase […] More

South African Reserve Bank: No Rate Change as Expected

May 24, 2012

The 5.5% repurchase rate since November 18, 2010 was left unchanged.  The key central bank interest rate had been cut during the world recession from 12.0% prior to December 2008 to 7.0% by August 2009 and three more times by 50 bps each during 2010.  In leaving monetary policy unchanged again today, the monetary policy […] More