Policy Rate Announcement by the South African Reserve Bank
South Africa| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The South African Reserve Bank (SARB) holds regular meetings to determine South Africa's monetary policy and announces the policy interest rate. The policy interest rate is the rate applied by the central bank to interbank lending and is a crucial indicator affecting the entire economy.
If the policy interest rate is lowered, borrowing costs decrease, potentially increasing consumer and corporate spending. Conversely, if the policy interest rate is raised, borrowing costs increase, potentially restraining consumer and corporate spending. This can help in controlling inflation and promoting economic growth.
This data serves as important reference material for policymakers to evaluate the current state of the economy and formulate appropriate monetary policies. It is also a critical source of information for businesses and investors to assess interest rate trends and economic outlook.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
