{"id":16891,"date":"2026-01-29T13:22:59","date_gmt":"2026-01-29T13:22:59","guid":{"rendered":"https:\/\/microvibenews.com\/?p=16891"},"modified":"2026-01-29T13:22:59","modified_gmt":"2026-01-29T13:22:59","slug":"sarb-errs-on-the-side-of-caution-holds-rates-steady","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=16891","title":{"rendered":"Sarb errs on the side of caution, holds rates steady"},"content":{"rendered":"<p><\/p>\n<div id=\"textFreeArticle\">\n<p>South Africa\u2019s Reserve Bank took a cautious approach, opting to hold the repo rate steady at 6.75% on Thursday at its first Monetary Policy Committee (MPC) meeting of 2026, despite a surging rand and a benign inflation outlook.<\/p>\n<p>The decision, announced by central bank governor Lesetja Kganyago in Pretoria, keeps commercial banks\u2019 prime interest rate at 10.25%.<\/p>\n<p>Read:<br \/>Inflation ticks up, benign outlook backs rate cut<br \/>Everybody suddenly loves the rand<\/p>\n<div class=\"visible-sm-block visible-xs-block m1010\">\n<div class=\"ad-container-wrapper\">\n<p>ADVERTISEMENT<\/p>\n<p>CONTINUE READING BELOW<\/p>\n<\/div>\n<\/div>\n<p>The pause in the Sarb\u2019s cutting cycle, following the 25-basis-point cut in November, comes amid increased global geopolitical uncertainty and a cautious approach by the under-pressure US Federal Reserve, which also left its federal funds rate unchanged at the 3.5%-3.75% target on Wednesday.<\/p>\n<p>Kganyago said the MPC decision this week was split. Most economists and market watchers had expected a tight vote, with the view that any further Sarb cut would likely only come in March, favouring a cautious wait-and-see approach.<\/p>\n<p><em>Follow Moneyweb\u2019s in-depth finance and business news on WhatsApp here.<\/em><\/p>\n<\/p><\/div>\n<p><script data-cfasync=\"false\">\n            !function(f,b,e,v,n,t,s)\n            {if(f.fbq)return;n=f.fbq=function(){n.callMethod?\n                n.callMethod.apply(n,arguments):n.queue.push(arguments)};\n                if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\n                n.queue=[];t=b.createElement(e);t.async=!0;\n                t.src=v;s=b.getElementsByTagName(e)[0];\n                s.parentNode.insertBefore(t,s)}(window, document,'script',\n                'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n            fbq('init', '779812924991616');\n            fbq('track', 'PageView');\n        <\/script>#Sarb #errs #side #caution #holds #rates #steady<\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Africa\u2019s Reserve Bank to&hellip; <\/p>\n","protected":false},"author":1,"featured_media":16892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[10968,10967,1552,905,3693,1155,2642],"_links":{"self":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/16891"}],"collection":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16891"}],"version-history":[{"count":0,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/16891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/media\/16892"}],"wp:attachment":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}