REPO RATE: Repo rate remains at 8.25%
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GUEST – Arthur Kamp, Sanlam Investments Chief Economist
As widely predicted, the South African Reserve Bank (Sarb) kept its key repo rate at 8.25% on Wednesday, which
means the prime lending rate of local commercial banks also remains unchanged at 11.75%. Sarb governor Lesetja Kganyago announced the decision following the bank’s March Monetary Policy Committee (MPC). This is the fifth consecutive ‘hold’ repo rate decision
by the central bank, which keeps SA’s benchmark rate at a 15-year high.
As widely predicted, the South African Reserve Bank (Sarb) kept its key repo rate at 8.25% on Wednesday, which
means the prime lending rate of local commercial banks also remains unchanged at 11.75%. Sarb governor Lesetja Kganyago announced the decision following the bank’s March Monetary Policy Committee (MPC). This is the fifth consecutive ‘hold’ repo rate decision
by the central bank, which keeps SA’s benchmark rate at a 15-year high.
