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SARB interest rate decision: Not quite there, yet

25 November 2022

The South African Reserve Bank (SARB) Monetary Policy Committee (MPC) opted to hike the repurchase rate by 75 basis points (bp) to 7.00% today.

Rate hike reaction

25 November 2022

A 75bps hike in the repo rate was to be expected, given yesterday’s higher inflation print of 7.6% and a rise in core CPI - showing that inflation is becoming broad-based.

Pressure to hike interest rates remains

25 November 2022

Following the South African Reserve Bank’s (SARB's) decision to increase its repo rate by 0.75%, FNB will raise its prime lending rate by 0.75%.

MPC – 24 November 2022

25 November 2022

The Monetary Policy Committee (MPC) decided to increase the repo rate by 75 basis points to 7.0%. Short-term interest rates have now increased by 3.5% since the low of 3.5% and are now higher than the repo rate level before the start of the pandemic.

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The strongest deterrent against FSP compliance missteps is or should be:

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A criminal conviction Debarment Fine or penalty Any of the above can work

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