SARB holds repo rate at 7.0% as rand plunges on surprise decision
The South African Reserve Bank kept the repo rate at 7.0% on July 23, 2026, after a 4–2 vote amid inflation and economic concerns.
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South African Rand
South African Rand Plunges on Reserve Bank’s Unexpected Rate Hold Decision
The South African Reserve Bank held its key interest rate at 7%, surprising markets expecting a hike amid inflation and oil price concerns.