Repo Rate

SA Reserve Bank cuts interest rates to 5.25%

Amid disruptions due to the Coronavirus (Covid-19) crisis, the South African Reserve Bank (SARB) has cut interest rates by 100 basis points, from 6.25% to 5.25%, Governor Lesetja Kganyago announced on Thursday.

Good news for South Africans: Reserve Bank cuts Interest rates

South Africa's Reserve Bank on Thursday reduced interest rates from 6.5% to 6.25%., citing concerns about power blackouts, weak rand, and labor conflicts.

Reserve Bank slashes repo rate to 6.5%, bank loans may get cheaper

In a move that may lead to lower property finance, auto and other loans, the South African central bank reduced the lending rate by 25 basis points to 6.5 % per annum as of 19 July 2019.

SA interest rates remain untouched at 6.75%

Reserve Bank Governor, Lesetja Kganyago, on Thursday left interest rates unchanged at 6.75 percent, saying inflation was expected to average 4.5 percent in 2019, down from 4.8 percent.

S.Africa’s repo rate stays 6.75 percent

The repo rate will remain unchanged at 6.75 percent, Reserve Bank governor Lesetja Kganyago announced on Thursday afternoon.

Interest Rates Unchanged

Some good news to start the year off as the Monetary Policy Committee (MPC) announced today that interest rates will remain unchanged. The prime lending rate therefore remains at 10.25% and the repo rate at 6.75%.

SA keeps benchmark repo rate on hold but worried about inflation

The Reserve Bank kept its benchmark repo rate unchanged at 7% on Tuesday, in line with expectations, saying the near-term outlook of inflation has deteriorated while the domestic growth outlook remained constrained.

Repo rate decision a timeous spring boost for property buyers

Welcoming the decision by the Reserve Bank to hold the repo rate steady at 7%, South Africa’s housing market continues to demonstrate maturity and ongoing resilience.

Steady repo rate welcomed as housing market outlook remains weak

The decision by the Monetary Policy Committee of the South African Reserve Bank to leave the repo rate unchanged is most welcome in a climate where the economic and housing market outlook remains weak.

Reserve Bank maintains interest rates at 7%, raises growth forecast

Pretoria – The South African Reserve Bank on Thursday, left the repo rate at 7 percent for a third consecutive time this year, raising its forecast for economic growth to 0.4 percent.

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