Sarb raises rates for first time in 17 months

south-africa-reserve-bank-sarb-hq-pretoria-2
Elske Photography

The South African Reserve Bank’s monetary policy committee voted by three to two to raise its policy rate by 25 basis points today (November 18).

The MPC cited “the expected trajectory for headline inflation and upside risk” as its reason for raising the rate to 3.75%. The two dissenting MPC members wanted to keep the rate unchanged.

The Sarb had maintained its policy rate at 3.5% since June 2020, after lowering it from 6.5% in a series of cuts starting last year.

The MPC consists of the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: