What Is the Repo Rate In South Africa?
A repurchase agreement, also known as a repo, RP, or sale and repurchase agreement, is a form of short-term borrowing, mainly in government securities.
What Is the Repo Rate In South Africa?
| Indicator | Value | |
|---|---|---|
| Money Market Rates | (5) | |
| Repo rate | 8.25 | |
| Sabor | (4) | 8.194 |
| Zaronia | 8.120 |
Who controls the repo rate in South Africa?
The Monetary Policy Committee (MPC) meets six times a year to set the repo rate. The MPC consists of up to seven members,
including the Governor of the SARB, the three deputy governors, and senior officials appointed by the Governor.
What is the highest repo rate in South Africa?
The South African Reserve Bank kept its key repo rate steady at 8.25% during its September 2023 meeting, as anticipated, but emphasized that the fight against inflation was not yet done.
Which bank has the best repo rate in South Africa?
The South African Reserve Bank