The South African Reserve Bank starts policy normalization

SOUTH AFRICA - Report 18 Nov 2021 by Iraj Abedian

As we had anticipated, the South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) voted to increase the benchmark interest rate by 25 basis points from 3.5% to 3.75% during its final scheduled meeting of the year. As a result, the prime lending rate also increased from 7% to 7.25%. Prior to this, the last time the MPC had made an upward adjustment to the repo rate was in March 2016. The rise came amid the country’s rising overall risks to inflation.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2025 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.