The South African Reserve Bank (SARB) is set to announce its latest interest rate decision on Thursday afternoon, concluding a three-day Monetary Policy Committee (MPC) meeting in Pretoria.
The announcement marks a critical juncture for the central bank, which is widely expected to deliver its second rate hike of 2026.
5%. The MPC’s deliberations this week have focused on persistent inflationary pressures, which continue to challenge the bank’s mandate to stabilize prices.
The policy rate currently stands at 7%, following a 25 basis point increase in May that pushed the prime lending rate to 10.5%.
The MPC’s deliberations this week have focused on persistent inflationary pressures, which continue to challenge the bank’s mandate to stabilize prices.
While the broader market consensus has been mixed, the trajectory of recent data suggests the committee remains cautious about declaring victory over inflation too early.
Bank of America has projected that the SARB will raise rates by another 25 basis points at this meeting, bringing the policy rate to 7.25%.