SARB to announce interest rates on Thursday

Reserve Bank Governor, Lesetja Kganyago, is to announce the Bank’s decision on interest rates on Thursday with some economists predicting a 25-basis point cut.

Statistics South Africa (STATS SA) says consumer price inflation accelerated from 3.4% in September to 3.6% in October 2025.

However, economist Elize Kruger says inflation remains under control and close to the Reserve Bank’s 3% target.

“Particularly positive is the fact that food price inflation moderated further from a recent peak of 5.5% in July, food price inflation is now down to 3.9% and we actually had three consecutive months of declines in the food prices baskets. From this point of view, I think there is an opportunity for the Reserve Bank to cut interests on Thursday at the Monetary Policy Committee (MPC) meeting. So, I do expect a 25-basis point cut in the repo rate.”