
The South African Reserve Bank will raise its policy interest rate at the 23 September 2026 monetary policy announcement.
“So we are expecting a small rate hike this week. Not great for the consumer sector at all.”
Meryl Peck · 702 · The Money Show · 21 Sept 2026
The verdict· graded 24 Sept
The South African Reserve Bank announced a 25 basis-point hike in its benchmark repo rate on 23 September 2026, taking it to 7.25%. (Corrected by the desk: the original verdict rested on an undated passage saying the rate was left at 7%, which the Bank's 23 September decision contradicts.)
The claim was that the Bank would raise its policy rate at the 23 September 2026 announcement. A report dated 23 September says it announced a 25 basis-point hike that day, which is the predicted outcome.
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