South African Reserve Bank MPC Press Conference 25 January 2024

SARB governor, Lesetja Kganyago, will announce the Monetary Policy Committee’s (MPC) decision on changes to the repurchase rate (repo rate) in the country.

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The central bank is largely expected to maintain the repo rate at 8.25%, while the current prime lending rate will remain at 11.75%.

WATCH LIVE: Governor Lesetja Kganyago will deliver the MPC statement on Thursday, 25 January at 15:00. The press conference will be live-streamed on Facebook https://bit.ly/3RJk6O0 & YouTube https://bit.ly/3Oh9JOG. Alternatively, watch on local news channels. hashtag#SARBMPCJAN2024

“Although inflation has seen a reduction from the highs of July in 2022 to the current level of 5.5% in November of last year (2023), we do expect that trend to continue further through 2024. The reality is, there is still a lot of inflation or cost pressure within the economy.”

Frank Blackmore, Lead economist at KPMG

To read the full article, visit: Interest rates widely predicted to remain unchanged by SA Reserve Bank later this week”.

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