Governor Lesetja Kganyago will deliver the Monetary Policy Committee (MPC) decision on Thursday, 26 March, at 15:00.
Back in January 2026, the MPC decided to keep the policy rate unchanged, at 6.75%.
Kganyago, attributed the decision to “a rapture of new threats” including geopolitical tensions, trade policy and economic policy uncertainty.
They also include a 30% slap of tariffs on exports by the United States, which negatively affected the agricultural and transport sectors.
The challenge of Eskom and the energy regulator (NERSA) settlement out of court, is seen as a risk.
Services inflation is still at 4%, above the SARB’s target of 3%.
Factors that have pushed inflation higher are oil price deflation and high food prices.
Watch this afternoon’s conference live-streamed here: https://bit.ly/YT_SARBMPCMar26
Picture: Supplied