What Is The Current Repo Rate In South Africa?

The current repo rate in South Africa is 7.50%, following a reduction by the South African Reserve Bank (SARB) in January 2025. This rate was maintained in the March 2025 meeting when the SARB’s Monetary Policy Committee voted 4-2 to hold the current repo rate steady.

The SARB’s decision to maintain the current repo rate reflects a cautious approach amid global economic uncertainty. While inflation remains below the 4.5% midpoint of the SARB’s target band (at 3.2% as of February), concerns about international trade tensions and potential inflationary pressures have influenced the decision to keep the current repo rate unchanged.

Financial analysts suggest the current repo rate may see further cuts later in 2025 if global economic conditions stabilize, with some institutions forecasting potential reductions in July and November. The next review of the current repo rate is scheduled for May 2025.