SARB Interest Rate Decision

economic

Updated: 24 Nov, 1:15 pm UTC

Deviation

0.75%

Consensus

6.25%

Actual

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.

Historical Data

Date	Actual	Previous	Deviation	Consensus
Nov 24, 2022	7.00%	6.25%	0.75	7.00%
Sep 22, 2022	6.25%	5.50%	0.75	6.25%
Jul 21, 2022	5.50%	4.75%	0.75	5.25%
May 19, 2022	4.75%	4.25%	0.50	4.75%
Mar 24, 2022	4.25%	4.00%	0.25	4.25%
Jan 27, 2022	4.00%	3.75%	0.25	4.00%
Nov 18, 2021	3.75%	3.50%	0.25	3.50%
Sep 23, 2021	3.50%	3.50%	0.00	3.50%