South African Reserve Bank Hikes Interest Rates by 25 Basis Points
- Reports
- 4
- Developments
- 2
- Repetition
- 50%
New informationRepeats or wire copies
What happened
The South African Reserve Bank announced a hike of 25 basis points to its interest rates on Wednesday, September 23, 2026. The Monetary Policy Committee unanimously made the decision, setting the new repo rate at 7.25% and the prime lending rate at 10.75%. The increase is effective from Friday, September 25, 2026.
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Why it matters
The Reserve Bank stated the hike was necessary to cool rising inflation, which currently stands at 4.4%, against its target of 3%. Governor Lesetja Kganyago noted that the global environment remains challenging due to geopolitical risks, including the Middle East conflict and oil supply interruptions.
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Who's involved
- European Central BankCentral bank of the South African Reserve Bank (SARB)
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- European Central BankSpeculative
The hike could affect the purchasing power of the rand and the cost of capital for businesses operating in South Africa.
How it developed
Newest first. Tap a step to see who reported it.RBI is factoring in ECB policy when making domestic economic decisions.1 source
ECB and RBI are among global central banks raising interest rates.1 source
Keep exploring
The entities involved
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European Central Bank
central bank of the European Union and the eurozone
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Reserve Bank of India
central bank of India
Related events
- RBI may raise interest rates due to inflation.
- The Reserve Bank of India is managing monetary policy for the nation.
- The European Central Bank is expected to raise interest rates amid reports that emerging economies are boosting domestic demand.
- The Reserve Bank of India is facing central banking challenges as geopolitical conflict in West Asia drives inflation and economic uncertainty in India.
- RBI policy decisions are influencing global banking forecasts, affecting HSBC and Bank of Baroda.