South Africa's central bank raised its key interest rates for the seventh straight policy session on Thursday to anchor inflation expectations more firmly around the mid-point of the target band and to increase confidence of attaining the inflation target sustainably over time.
The Monetary Policy Committee, headed by Governor Lesetja Kganyago, decided to increase the repurchase rate by 75 basis points to 7.00 percent from 6.25 percent, the South African Reserve Bank said. The decision was in line with economists' expectations.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.