Events · SARB
SARB Rate Decision, explained.
The MPC's decision on the repo rate, which sets the prime lending rate in South Africa.
Why it moves markets
Moves the rand together with global risk appetite and US rates. The statement, vote split and the SARB's own rate projections are watched closely.
Who publishes it, and when
South African Reserve Bank Monetary Policy Committee. Six scheduled meetings a year (roughly every two months), statement in the afternoon SA time.
Pairs that often react
USD/ZAREUR/ZARGBP/ZAR
Pairs that include the currency involved usually react most. How much and in which direction depends on the surprise against expectations and on everything else going on. This isn't a prediction.
Educational only. Not advice and not a signal. Spreads often widen and prices can gap around big releases.