The South African Reserve Bank’s MPC (Monetary Policy Committee) has decided to keep the interest rate as is at 10.50%.
This despite the fact that the consumer inflation rate exceeded economists’ expectations and reached 5% in June.
“The property industry urged the Reserve Bank to keep borrowing costs unchanged as prolonged high interest rates are weighing heavily on economic growth and housing affordability”. IOL Business Report – 22 July 2026
The news comes as a huge relief to South African households.
For an article regarding this period’s interest rate decision, please refer to Moneyweb’s SARB holds rates steady at 7%.
