The MPC decided to reduce the policy rate by 25 basis points, to 7%, with effect from the 1st of August. The decision was unanimous. #SARBMPCJuly25 #Interestrates

📢 [PAPER ALERT] The Climate Policy Initiative, Finance in Common Summit and the African Development Bank have published an input paper titled ‘Strengthening Collaboration to Scale Climate and Development Finance’. The paper – which examines how collaboration between vertical

Yesterday, the South African Reserve Bank (SARB) outreach team connected with more than 500 Economics learners from the Dundonald and Mpuluzi circuits in the Gert Sibande District, Mpumalanga. Held at Mayflower Secondary School in Mpuluzi, the session focused on the role and

Chart of the week on commodity price strength

[ICYMI] Earlier today, Governor Lesetja Kganyago addressed shareholders at the 105th Ordinary Annual General meeting of the South African Reserve Bank (SARB). The role of SARB shareholders is limited to the following activities at the AGM: . * reviewing the SARB’s annual

Read the Governor’s full AGM address here:. Watch the address on YouTube: Facebook: Or X: #SARBAGM2025.

“For this year, our international engagements have been particularly important, given South Africa’s presidency of the Group of Twenty. Clearly, this is not the easiest year to manage a forum like the G20, which is consensus-based, given the disagreements between member.

“Meanwhile, here in South Africa, cash – a technology that is literally centuries old – remains the single most popular form of payment. We are happy to provide notes and coin to the economy, and we want these offerings to be world class, too. But cheap, safe and fast digital.

“Our financial system has remained resilient over the years. We have, nonetheless, recently needed to take several enforcement actions regarding individual institutions. We are also paying special attention to new technologies, particularly artificial intelligence. These offer.

“Moving beyond monetary policy, we have started a new strategy cycle this year. One important change is that we have streamlined our strategic focus areas to just three: price stability, financial stability, and payments. These are the three integral functions of the SARB: our.

“To the extent that inflation settles at 3%, and that inflation expectations continue their move lower, the Bank’s forecasting model shows lower interest rates if inflation remains contained at current levels. Given that this is the year of uncertainty, I do not want that.

“Like almost all other economies, we suffered high inflation during the global inflation surge of 2022 and 2023. However, inflation decelerated sharply in 2024. We have had space to ease rates because inflation has been well contained, with prices up 3% over the past 12 months.”.

In South Africa, our preliminary assessment is that tariffs and the other uncertainties in the global economy are causing modest damage to growth while leaving inflation broadly unchanged. The US is a large trading partner for South Africa, but it is not as important as Europe,.

“That said, there are not many reasons to feel safe. In the United States, businesses have front-loaded imports, and many have been in a wait-and-see mode as a way of dealing with tariff uncertainty. It is now increasingly clear that tariffs will settle at high rates. The Yale.

“The global economy is experiencing a turbulent year. So far, it has proven resilient, despite the shocks from wars and tariffs. We should not overstate this. Late last year, the International Monetary Fund still expected growth of 3.2% for 2025, which is now down to 3%. But in.

[THREAD] WATCH NOW: Governor Lesetja Kganyago addresses the 105th Ordinary Annual General meeting (AGM) of the South African Reserve Bank (SARB). Watch the address live on YouTube: Facebook: Or X: Here.

[WATCH LIVE] Governor Lesetja Kganyago addresses the 105th Ordinary Annual General meeting of the South African Reserve Bank. Watch the address live on YouTube: Facebook: Or X:

[WATCH LIVE] Governor Lesetja Kganyago will address the 105th Ordinary Annual General meeting (AGM) of the South African Reserve Bank on Friday, 8 August 2025, at 10:00. Watch live on YouTube: Facebook: Or X:

[REMINDER] Tomorrow, 8 August 2025, Governor Lesetja Kganyago will address the 105th Ordinary Annual General meeting (AGM) of the South African Reserve Bank (SARB). The AGM follows the release of the SARB's 2024/25 Annual Report, which offers readers a concise and transparent

Governor Lesetja Kganyago will address the 105th Ordinary Annual General meeting (AGM) of the South African Reserve Bank on Friday, 8 August 2025, at 10:00. Watch live on YouTube: Facebook: Or X: