Category "Business"

The South African Reserve Bank’s (SARB’s) Monetary Policy Committee has voted to hold rates for the eighth consecutive time, keeping them at 15-year highs.The repo rate remains at 8.25%, with the prime lending rate at 11.75%, the highest since 2009, in effect since May 2023. This decision aligns with market expectations, as most economists anticipated a hold. It is expected that the SARB will not cut interest rates ahead of the US Federal Reserve.