Economy / General

Economy recovering from a low base

Following the South African Reserve Bank’s decision earlier today to keep interest rates at their previous level, FNB confirms that it will hold its prime lending rate at present levels and will review its position after the next SARB MPC meeting in July.

SA MPC commentary May 2024

Reserve bank likely to maintain interest rates amid inflation concerns

As South Africa deals with persistent inflationary pressures, the South African Reserve Bank (SARB) is anticipated to keep interest rates unchanged at their upcoming May 30th Monetary Policy Committee (MPC) meeting.

Encouraging drop in services inflation in April 2024