Zuko Komisa
- The MPC paused its “stop-and-go” cycle, keeping the repo rate at 6.75%.
- The decision met investor expectations for stability amid global volatility.
- Prime lending rates are expected to remain unchanged at 10.25%.
The Reserve Bank’s Monetary Policy Committee (MPC) has elected to maintain the repo rate at its current level, marking a significant shift away from a recent cycle of intermittent adjustments.
Following a series of intensive deliberations this week, the central bank confirmed today that the benchmark repo rate will remain at 6.75%.
The MPC keeps the repurchase rate unchanged at 6.75%#SARBMPCJan26 #InterestRates pic.twitter.com/ZpIunULlzs
— SA Reserve Bank (@SAReserveBank) January 29, 2026
Consequently, the prime lending rate is set to stay at 10.25%, pending formal confirmation from commercial banks.
The decision aligns with the consensus among City economists, who had anticipated a “wait-and-see” approach.
Analysts suggest the MPC is adopting a guarded stance to navigate a backdrop of volatile global market conditions.
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