MPC Insights

The latest news and views from South Africa's Monetary Policy Committee

The MPC or Monetary Policy Committee is a five-member committee of the South African Reserve Bank (SARB) entrusted with steering monetary policy in line with the bank’s inflation targets and framework.

Interest Rate Outlook: slow and steady, more cuts next year

22 November 2024

The South African Reserve Bank’s latest monetary policy communication shows a slow and steady approach, only cutting the repo rate by -25bp this month

4 min read

When is the next MPC?

30 January 2025

When was the last MPC meeting?

21 November 2024

Investec insights on MPC

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MPC FAQs

What is the MPC?
The MPC or Monetary Policy Committee is a five-member committee of the SARB entrusted with steering monetary policy in line with the bank’s inflation targets and framework.

The current members of the MPC are:
- Mr Lesetja Kganyago, Governor
- Ms Nomfundo Tshazibana, Deputy Governor
- Dr Mampho Modise, Deputy Govenor
- Dr Rashad Cassim, Deputy Governor
- Dr Christopher Loewald, Head: Economic Research Department
- Dr David Fowkes, Advisor to the Govenors
How often are MPC meetings?

MPC meetings are held throughout the year, with MPC announcements on South Africa’s repo rate presented six time a year.
When is the next MPC meeting in South Africa?

The next MPC meeting in South Africa will be held on 21 November 2024.

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