https://newsletter.en.creamermedia.com
Africa
Africa
africa

Reserve Bank cuts key rate, will aim for bottom of target band

Reserve Bank governor Lesetja Kganyago

Reserve Bank governor Lesetja Kganyago

31st July 2025

By: Reuters

  

Font size: - +

South Africa's central bank cut its key interest rate by 25 basis points to 7.00% on Thursday and said it would now aim for the bottom of its inflation target range.

The rate cut was in line with the median forecast of economists polled by Reuters.

The central bank's Monetary Policy Committee was unanimous in its decision, central bank governor Lesetja Kganyago told a press conference.

"We have decided to aim for the bottom of our inflation target range, of 3%-6%, ... this would expand policy space and make our framework more robust to shocks," Kganyago said.

Headline inflation in Africa's largest economy rose to 3.0% year on year in June from 2.8% in May after being below it for three months.

The South African Reserve Bank also trimmed its policy rate by 25 basis points at its previous meeting in May.

Edited by Reuters

Comments

Showroom

Carlisle TyrFil
Carlisle TyrFil

Flatproofing tire technology engineered to perform in extreme mining environments.

VISIT SHOWROOM 
Actom
Actom

Your one-stop global energy-solution partner

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 29 August 2025
Magazine round up | 29 August 2025
29th August 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.057 0.156s - 206pq - 2rq
Subscribe Now