# SARB keeps repurchase rate at its current level of 8.25% per year - Market News, News

> The SARB's Monetary Policy Committee kept the repurchase rate at 8.25%, leaving the prime rate at 11.75%, in a unanimous decision on May 30. Governor Kganyago said the rand had been volatile and that markets still expect some US Federal Reserve easing this year.

- Date: 2024-05-30 · published 2024-05-30T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/30557-sarb-keeps-repurchase-rate-at-its-current-level-of-8-25-per-year-market-news
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Holding rates steady while the rand stays volatile keeps South African borrowing costs high and leaves import-price pressure on feed buyers tied to currency swings.

## Sources

- property24.com: https://www.property24.com/articles/sarb-keeps-repurchase-rate-at-its-current-level-of-825-per-year/32220

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.