A Sixth South African Central Bank Interest Rate Cut – Currency Thoughts

A Sixth South African Central Bank Interest Rate Cut

November 20, 2025

Based on their improved inflation outlook, policymakers at the South African Reserve Bank unanimously decided to cut their repo rate by a further 25 basis points to 6.75% and bringing the cumulative drop since September 2024 to 150 basis points. “Because of downside surprises [in recent inflation data results], together with a stronger rand, and a lower oil price assumption, we have small downward revisions to our inflation outlook, for both 2025 and 2026. We remain on track to deliver 3% inflation over the medium term.”

Copyright 2025, Larry Greenberg. All rights reserved.

Tags: South African Reserve Bank

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