South Africa cuts by 25bp, citing lower prices ahead
Sarb brings policy rate to 6.75% in first decision since government lowered inflation target
The South African Reserve Bank (Sarb) has lowered its policy rate by 25 basis points to 6.75%, as rate-setters project that inflation will start to come down in 2026.
The bank’s monetary policy committee (MPC) voted unanimously for the cut on November 20, having held rates at its previous meeting.
“Members agreed there was scope now to make the policy stance less restrictive, in the context of an improved inflation outlook,” the Sarb’s governor, Lesetja Kganyago, said in a statement.
Year-on-year
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