# MPC increases repo rate by 50 basis points

> The SARB's MPC raised the repurchase rate by 50 basis points to 7.75%, with three members favouring the increase and two favouring 25 basis points. Governor Kganyago said policy is now less accommodative and aims to anchor inflation expectations.

- Date: 2023-03-31 · published 2023-03-31T12:00:00.000Z
- Category: policy · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/37165-mpc-increases-repo-rate-by-50-basis-points
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Tighter South African policy supports the rand and lowers import costs for feed, though it also signals weaker domestic consumer demand over time.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- privateproperty.co.za: https://www.privateproperty.co.za/advice/news/articles/mpc-increases-repo-rate-by-50-basis-points/9056

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