Asset

SARB Interest Rate Decision

economic
stockPerformance
Updated: 24 Nov, 1:15 pm UTC
Deviation
0.75%
Consensus
7%
Previous
6.25%
Actual
7%
27 Jan24 Mar19 May21 July22 Sept24 Nov44.555.566.57
Description
Source: South Africa
The SARB Interest Rate Decision is announced by the South African Reserve Bank. If the SARB is hawkish about the inflationary outlook of the South African economy and rises the interest rates it is positive, or bullish, for the ZAR. Likewise, if the SARB has a dovish view on the economy and keeps the ongoing interest rate, or cuts the interest rate, it is seen as negative, or bearish.