{
  "id": "repo-rate-sarb",
  "title": "Repo rate",
  "description": "The repurchase (repo) rate is the benchmark interest rate set by the South African Reserve Bank's Monetary Policy Committee (MPC). It is the rate at which the SARB lends short-term money to commercial banks and is the primary instrument of inflation targeting.",
  "unit": "%",
  "category": "inflation",
  "latest": {
    "value": 7.25,
    "display": "7.25%"
  },
  "source": {
    "publisher": "South African Reserve Bank",
    "publication": "MPC Statement September 2026",
    "url": "https://www.resbank.co.za/en/home/publications/publication-detail-pages/statements/monetary-policy-statements/2026/september",
    "releasedOn": "2026-09-23"
  },
  "checkedOn": "2026-10-19",
  "page": "https://sadatahub.tech/series/repo-rate-sarb",
  "license": "https://creativecommons.org/licenses/by/4.0/",
  "citation": "South African Reserve Bank (2026). MPC Statement September 2026. Series \"Repo rate\" via SA Data Hub, https://sadatahub.tech/series/repo-rate-sarb (checked 2026-10-19).",
  "points": [
    {
      "period": "Jan 2022",
      "value": 4
    },
    {
      "period": "Mar 2022",
      "value": 4.25
    },
    {
      "period": "May 2022",
      "value": 4.75
    },
    {
      "period": "Jul 2022",
      "value": 5.5
    },
    {
      "period": "Sep 2022",
      "value": 6.25
    },
    {
      "period": "Nov 2022",
      "value": 7
    },
    {
      "period": "Jan 2023",
      "value": 7.25
    },
    {
      "period": "Mar 2023",
      "value": 7.75
    },
    {
      "period": "May 2023",
      "value": 8.25
    },
    {
      "period": "Jul 2023",
      "value": 8.25
    },
    {
      "period": "Sep 2023",
      "value": 8.25
    },
    {
      "period": "Nov 2023",
      "value": 8.25
    },
    {
      "period": "Jan 2024",
      "value": 8.25
    },
    {
      "period": "Mar 2024",
      "value": 8.25
    },
    {
      "period": "May 2024",
      "value": 8.25
    },
    {
      "period": "Jul 2024",
      "value": 8.25
    },
    {
      "period": "Sep 2024",
      "value": 8
    },
    {
      "period": "Nov 2024",
      "value": 7.75
    },
    {
      "period": "Jan 2025",
      "value": 7.5
    },
    {
      "period": "Mar 2025",
      "value": 7.5
    },
    {
      "period": "May 2025",
      "value": 7.25
    },
    {
      "period": "Jul 2025",
      "value": 7.25
    },
    {
      "period": "Sep 2025",
      "value": 7
    },
    {
      "period": "Nov 2025",
      "value": 6.75
    },
    {
      "period": "Jan 2026",
      "value": 6.75
    },
    {
      "period": "Mar 2026",
      "value": 6.75
    },
    {
      "period": "May 2026",
      "value": 7
    },
    {
      "period": "Jul 2026",
      "value": 7
    },
    {
      "period": "Sep 2026",
      "value": 7.25
    }
  ],
  "revisions": [],
  "changeLog": [
    {
      "date": "2026-11-09",
      "type": "methodology-change",
      "summary": "Moved the prime lending rate, and the interest-rates download, from the GDP and economy topic to Inflation and prices, next to the repo rate it follows. No figures changed."
    },
    {
      "date": "2026-10-19",
      "type": "correction",
      "summary": "Corrected repo rate from 7.00% to 7.25% and prime from 10.50% to 10.75% (SARB MPC 2026-09-23). Corrected a prior entry that recorded a July 2026 hike: July was a hold, and the hike was on 28 May 2026 (effective 29 May). May and July 2026 SARB statements not yet verified from primary source."
    },
    {
      "date": "2026-05-31",
      "type": "methodology-change",
      "summary": "Registry and lookup alignment updated for SARB repo/prime dataset identifier consistency."
    }
  ]
}