SARB Cuts Repo Rate to 7% Amid Low Inflation and Positive Economic Signs

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Interest rate cut: How much you will now pay on your BOND

The South African Reserve Bank (SARB) on Thursday reduced the repo rate by 25 basis points, lowering it from 7.25% to 7%, a move that offers financial relief for homeowners and prospective property buyers. The prime lending rate has also decreased to 10.5%. The decision was announced following the conclusion of the Monetary Policy Committee (MPC) meeting, with all six members voting unanimously in favour of the rate cut. The adjustment aligns wi…

SARB Cuts Repo Rate to 7% Amid Low Inflation and Positive Economic Signs

Speaking at a media briefing, SARB Governor Lesetja Kganyago explained that the decision was underpinned by clear evidence of easing inflationary pressures.

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Interest rate cut provides some relief

Interest rate cut provides some relief Janine2 Fri, 08/01/2025 - 15:38 JOHANNESBURG - The latest interest rate cut will provide some relief to South Africans but, is it enough to make a meaningful change in financial health?READ: SA Reserve Bank cuts repo rate by 25 basis points to 7%Magauta Mphahlele, the executive director of the South African Credit and Risk Reporting Association discussed what this could mean for consumers with eNCA.