repo rate south africa
In South Africa the interest rates decisions are taken by the South African Reserve Banks Monetary Policy Committee MPC. The official interest rate is the repo rate.
Taylors Rule And What It Says About Where South Africa S Interest Rates Should Be At Right Now South African Market Insights
This is the rate at which central banks lend or discount eligible paper for deposit money banks typically shown on an end-of-period basis.
. In South Africa the interest rates decisions are taken by the South African Reserve Banks Monetary Policy Committee MPC. An increase in the repo rate by 25 basis points earlier in November to 375. For those in formal employment in South Africa the current average nominalised monthly take-home pay is R15042.
South Africas central bank held its benchmark interest rate for a seventh straight meeting in Septembers monetary policy committee keeping the repurchase rate at 35. The South African rand was trading around 152 against USD close to an over two-month high of 151 hit on January 21st supported by expectations that the South African Reserve Bank will lift its repo rate to 4 at its first monetary policy decision of the year on January 27th. South Africas annual consumer inflation quickened faster than expected to a near five-year high of 59 in.
The official interest rate is the repo rate.
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