The SARB Interest Rate Decision is announced by the South African Reserve Bank. If the SARB is hawkish about the inflationary outlook of the South African economy and rises the interest rates it is positive, or bullish, for the ZAR. Likewise, if the SARB has a dovish view on the economy and keeps the ongoing interest rate, or cuts the interest rate, it is seen as negative, or bearish.
The typical/expected impact on ZAR pairs is Low.
Lower numbers than forecast tend to be bullish for xxx/ZAR pairs and bearish for ZAR/xxx pairs.
| Date | Time | Actual | Consensus |
|---|---|---|---|
| 28 May 2026 | 13:00 | 7% | 7% |
| 26 March 2026 | 13:00 | 6.75% | 6.75% |
| 29 January 2026 | 13:00 | 6.75% | 6.75% |
| 20 November 2025 | 13:00 | 6.75% | 6.75% |
| 18 September 2025 | 13:00 | 7% | 7% |
| 31 July 2025 | 13:00 | 7% | 7% |
| 29 May 2025 | 13:00 | 7.25% | 7.25% |
| 20 March 2025 | 13:00 | 7.5% | 7.5% |
| 30 January 2025 | 13:00 | 7.5% | 7.5% |
| 21 November 2024 | 13:05 | 7.75% | 7.75% |
| 19 September 2024 | 13:00 | 8% | 8% |
| 18 July 2024 | 13:00 | 8.25% | 8.25% |
| 30 May 2024 | 13:00 | 8.25% | 8.25% |
| 27 March 2024 | 13:00 | 8.25% | 8.25% |
| 25 January 2024 | 13:10 | 8.25% | - |
| 23 November 2023 | 13:10 | 8.25% | 8.25% |
| 21 September 2023 | 13:10 | 8.25% | 8.25% |
| 20 July 2023 | 13:00 | 8.25% | 8.25% |
| 25 May 2023 | 13:00 | 8.25% | 8% |
| 30 March 2023 | 13:15 | 7.75% | 7.5% |