South Africa repo Intrerest Rate as of May 29
South African Reserve Bank announced the South Africa repo Intrerest Rate as of May 29 on 2025-05-28. The reported figure stands at 7.25%, against a forecast of 7.25%, with the prior figure recorded as 7.50%.
Regarding the South Africa repo Intrerest Rate as of May 29, The South African Reserve Bank's repo rate is the interest rate charged by the South African Reserve Bank when providing funds to commercial banks. This rate directly affects the borrowing costs of commercial banks, which in turn impacts the liquidity and credit conditions of the entire financial system. It is an important tool used by the central bank to regulate the money supply and interest rate levels, maintaining the stability of the financial system. The central bank influences market interest rates, lending activities, economic growth, and inflation levels by adjusting the repo rate. .
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