South Africa faces possible interest rate hike and petrol price above R30 per litre
SARB Governor Kganyago warns against complacency as South Africa's petrol price approaches R30 per litre and interest rate hikes return to the table.
Latest in Repo rate
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Government welcomes reduction in repo rate
Addressing a media briefing on the MPC’s decision on the repo rate, SARB Governor Lesetja Kganyago said the decision to reduce the policy rate was unanimous.
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Repo rate announcement expected this week: Will it remain unchanged? – Here’s what the numbers say
South Africa’s Reserve Bank is expected to announce its latest repo rate decision this week, with current inflation and unemployment data providing key indicators.
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SARB announces repo rate cut: Here’s what you must know
Kganyago’s announcement comes on the heels of an announcement by Statistics South Africa that inflation had dipped to 2.8% - its lowest since June 2020.
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Repo rate remains unchanged: Here’s everything you must know
Four members voted to keep the rate unchanged, while two preferred to cut it by 25 basis points.
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Repo rate update on Thursday, 30 May 2024
The South African Reserve Bank announced the repo rate remains unchanged at 8.25%. Learn how this decision affects your daily life.
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Reserve Bank keeps repo rate unchanged at 8.25%
Market-based expectations for inflation in 2023 are currently 5.8%, while near-term break-even rates have dipped to 4.3%.
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Repo rate remains unchanged: Here’s when the next update will be
The GDP growth forecast for 2024 and 2025 is unchanged from the previous meeting, at 1.0% and 1.1%, respectively.
Lifestyle
SA interest rates spike with 10th consecutive repo rate increase
The SARB has raised the repo rate at least 10 times since November 2021. Here's what it means for SA interest rates.
Lifestyle
Repo rate increase: Here’s the new prime interest rate in South Africa
Here's how the repo rate increase affects South Africa's prime interest rate.
Viral News
Reserve Bank hikes repo rate to 7.25%
The increase means that the repo rate will now be 7.25% per year from 27 January 2023, with prime now at 10.75%.
Lifestyle
Reserve Bank hikes repo rate for the third time in 2022
The repo rate in South Africa reached 7% after the SA Reserve Bank’s Monetary Policy Committee (MPC) agreed to a 75 basis points hike.
Lifestyle
SA’s repo rate jumps to 6.25%, fifth increase since November 2021
The increase means that the repo rate will now be 6.25% per year from 23 September 2022, with prime now at 9.75%.
Viral News
South Africa’s repo rate hikes for the first time in three years
The increase means the repo rate would be 5.50% per year from 22 July 2022.
