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South African Reserve Bank

Monetary Policy Committee (MPC)ON HOLD
Rate
7.00%
Target
3% (+/- 1 percentage point)
Hawk/Dove
+0.399
Decision
vote
Votes
Published

Hawk/Dove Stance

DovishNeutralHawkish
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Policy Rate History

Hawk/Dove History

Policy Rate × Hawk/Dove Overlay

Policy Rate (LHS)Hawk/Dove (RHS)

Recent Speeches

Lesetja Kganyago — Lesetja Kganyago: Overview of the South African economy
2026-08-17
+0.35
Lesetja Kganyago — Lesetja Kganyago: Remarks - annual dinner for the Heads of Foreign Missions accr...
2026-08-17
+0.45
Lesetja Kganyago — Lesetja Kganyago: Managing supply shocks - the role of monetary policy
2026-06-03
+0.70
Lesetja Kganyago — Lesetja Kganyago: One crisis after another - shocks, imbalances and resilience i...
2026-05-20
+0.15
Lesetja Kganyago — Lesetja Kganyago: Supply shocks, monetary policy and the 3% target
2026-05-05
-0.25
Lesetja Kganyago — Lesetja Kganyago: From fragility to strength - the role of price stability
2025-09-03
+0.30
Lesetja Kganyago — Lesetja Kganyago: Overview of the South African economy
2025-09-03
-0.20
Lesetja Kganyago — Lesetja Kganyago: Lessons learnt - how the South African Reserve Bank moved infl...
2024-10-22
+0.35
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