South African Reserve Bank
Coverage of South African Reserve Bank in the Nexus archive.
- South Africa’s Central Bank Turns Dovish, Sending the Rand Toward 17 per Dollar
The South African Reserve Bank (SARB) adopted a dovish stance at its July meeting, maintaining the key repo rate at 7.0% while signaling a softer monetary policy path. This caused the South African rand to weaken, with the U.S. dollar rising toward 17 rand.
- South Africa: Reserve Bank Leaves Interest Rates Unchanged
The Monetary Policy Committee of the South African Reserve Bank decided to maintain the interest rate unchanged, contrary to expectations from experts and the markets for an increase.
- South Africa: South Africa's Inflation Jumps to 5 Percent, Raising Rate Hike Expectations
South Africa's annual consumer inflation rose to 5.0% in June, up from 4.5% in May. The increase, driven by higher transport and housing costs, has intensified expectations that the South African Reserve Bank may implement a rate hike.
- Inflation in South Africa, Nigeria increasingly diverging
Inflation trends in South Africa and Nigeria are diverging, with Nigeria's consumer price increases cooling to 15.9% in June and its central bank maintaining unchanged policy rates, while South Africa faces rising inflation prompting Goldman Sachs to raise its 2026 forecast. Analysts anticipate Nigeria may resume rate cuts in September, contrasting with South Africa's upcoming interest rate decision.
- S. African central bank predicts reaching 3% inflation target
South Africa's central bank predicts inflation will reach its 3% target faster due to falling global oil prices, prompting economists to revise expectations of consecutive interest rate hikes. Governor Lesetja Kganyago highlighted the impact of lower oil prices, while Goldman Sachs now anticipates no rate increase at the upcoming meeting. However, geopolitical tensions in the Strait of Hormuz threaten to disrupt oil traffic.
- Sprake: SARB Likely to Hike Before Year-End
Sprake predicts the South African Reserve Bank (SARB) will likely raise interest rates before the end of the year. The analysis focuses on the central bank's potential monetary policy adjustment.
- Germany overtakes US as South Africa’s second-largest bilateral trade partner
Germany has overtaken the US as South Africa's second-largest trade partner following Trump's tariffs that took effect under Liberation Day, with China remaining the top destination. The tariffs have particularly impacted South Africa's vehicle and transport equipment sectors. Tensions between the US and South Africa persist over various geopolitical and domestic policy issues.