South African Reserve Bank (Sarb)
Sarb governor outlines cautious stance on technological change
Kganyago sets out opportunities and risks of AI and stablecoins as Sarb marks 105th anniversary
Central banks laying ground for multi-currency settlement
Africa leads as region with most RTGS systems able to settle multiple currencies
South Africa signals cautious stance on stablecoins
Deputy governor asks if they are efficient payment method or a means of circumventing regulations
People: April to June 2026
A round-up of central bankers in the news and on the move during the past three months
Court ruling sows confusion over crypto’s status in South Africa
Judge’s decision that bitcoin ‘is money’ directly contradicts verdict in ruling last year
Sarb hikes interest rates for first time in three years
MPC split, though governor says this was more about timing than direction of travel
Zafar Parker on 25 years of reserve management at the Sarb
Amid evolving risk, the head of financial markets talks about the journey to excess balance transfers to the government as South Africa’s reserves rose from $20bn to $80bn
People: DNB governor to chair NGFS
Plus: Sarb appoints new chief economist and Belgium’s queen visits CBRT in Istanbul
Sarb ‘very committed’ to 3% target, despite current shock
Iran conflict is causing price pain but situation ‘could be worse’, says governor
Firms slowest to adjust to Sarb’s new price target – paper
Memories of post-pandemic inflation surge linger, researchers say
South African central bank holds rates in split decision
Sarb stays cautious as country continues to adjust towards new 3% inflation target
Vast majority of central banks taking action on climate risk
Nearly one in five banks reflect climate risk in reserves management and collateral eligibility
Bank notes: October to December 2025
A round-up of news and salient issues that have affected central bankers in the past three months
South Africa’s inflation target cut a ‘major’ feat, says IMF
Move likely to reduce borrowing costs and improve debt sustainability, institution says
Lesetja Kganyago on a 3% target and risks posed by rising debt in a fractured system
The Sarb governor speaks about a lower inflation target, the impact of high developed-world debt, the G20’s payments efforts and the fracturing of the multi-lateral system
Sarb finds ‘no compelling need’ for a retail CBDC
Central bank pivots towards wholesale version while modernising national payments system
South Africa cuts by 25bp, citing lower prices ahead
Sarb brings policy rate to 6.75% in first decision since government lowered inflation target
South Africa lowers inflation target from 4.5% to 3%
Sarb governor’s wish finally granted as finance minister announces change during budget review
Sarb pauses easing cycle as inflation ticks up
Bank cautiously optimistic about growth, but wary of expectations becoming unanchored
Bank notes: July to September 2025
A round-up of news and salient issues that have affected central bankers in the past three months
South Africa’s central bank denies reducing inflation target
Sarb says it is targeting bottom of existing 3–6% range, after reports it had bypassed Treasury