The South African Reserve Bank’s Monetary Policy Committee just announced that they are hiking interest rates by a further 50 basis points, following a small 25 basis point hike last November. I am surprised by the SARB’s aggressive action. Even though I thought we might see a 25 basis point hike (in an attempt to […]
Posts Tagged ‘repo rate’
The South African Reserve Bank’s Monetary Policy Committee just announced a moment ago that they are hiking interest rates by 25 basis points, effective tomorrow, 24 July 2015. They stated the usual concerns of weak economic growth, inflation expectations and keeping up with the Jones’, so to say, in that the US Fed is also […]
The South African Reserve Bank (SARB) governor Gill Marcus announced yesterday that the REPO rate will be hiked by 25 basis points. This is the second rate hike this year and takes the REPO rate up to 5.75% and the prime rate up to 9.25%. Yes folks. It has started.
If something cannot go on forever, it will stop. Herbert Stein’s Law After more than 5 years of lower and lower interest rates, the South African Reserve Bank (SARB) governor Gill Marcus announced today that the REPO rate will be hiked by 50 basis points. This takes the REPO rate up to 5.5% and the […]
I receive a lot of emails asking about the current inflation and interest rates. So I decided to create a few widgets. You can use these widgets if you want to display the current interest rates, inflation rates and/or GDP growth rates on your own blog or website. The widgets automatically fetch the latest figures […]
This page shows the current bank repurchase rate, as well as a graph and table of the repo rates in South Africa, since 1999. The repo rate was last updated on . The current repo rate is %. Repo Rate Graph This is a graph of the repo rates in South Africa, since 1999. To […]
The repo rate (repurchase rate) is the interest rate at which commercial banks can borrow money from the Reserve Bank. Repo rate South African banks in the private sector, like ABSA, Standard Bank, FNB and Nedbank, can borrow money from the South African Reserve Bank (SARB). The repo rate is the interest rate SARB charges […]