Reserve Bank hikes interest rates by 25 basis points
Reserve Bank hikes interest rates by 25 basis points Vusi.Bafetane Wed, 09/23/2026 - 15:01 SA Reserve Bank Governor Lesetja Kganyago JOHANNESBURG - The South African Reserve Bank has hiked the interest rate by 25 basis points. The hike takes the repo rate to 7.25%. South African Reserve Bank Governor Lesetja Kganyago said the decision was unanimous. The prime lending rate now rises to 10.75%. "A few months back, it seemed that the fuel-price shock might be unwinding, but now it has intensified.
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Reserve Bank hikes interest rates by 25 basis points Vusi.Bafetane Wed, 09/23/2026 - 15:01
SA Reserve Bank Governor Lesetja Kganyago
JOHANNESBURG - The South African Reserve Bank has hiked the interest rate by 25 basis points.
The hike takes the repo rate to 7.25%.
South African Reserve Bank Governor Lesetja Kganyago said the decision was unanimous.
The prime lending rate now rises to 10.75%.
"A few months back, it seemed that the fuel-price shock might be unwinding, but now it has intensified.
"We are also seeing global rates moving higher. We have taken a measured approach to rate setting, in conditions of high uncertainty, but we remain focused on our price-stability mandate. It is crucial that inflation reverts to 3% as the current shock fades, and we take responsibility for delivering that outcome," Kganyago said.
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About this article
- Length
- 135 words · 1 min read
- Published
- September 23, 2026
- Byline
- Vusi.Bafetane
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- Enca