MPC review: SARB seeks clear evidence of a sustained decline in inflation

On 28 May 2026, the South African Reserve Bank’s Monetary Policy Committee raised the repo rate by 25 basis points, taking the policy rate to 7.00%, effective 29 May 2026. While the outcome was broadly in line with market expectations, the decision was not unanimous. Our investment team shares their perspective on the driving factors behind the decision, and what it means for cash and income investors.

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