MPC Announcement: January 2023
SARB Governor Lesetja Kganyago delivered an MPC announcement on January 26. It was decided that the repurchase (repo) rate be raised to 7.25%.



Tertia Jacobs - Investec ,
Economist
The 26 January MPC’s decision to raise the repo rate by 25bps saw a flattening in the FRA curve, as the market priced in a 48% probability of a 50bps rate hike. We expected a close call between a 25/50bps rate hike and as it turned out, three members favoured a 25bps rate hike and two members 50bps.

MPC announcement

Upcoming:
Next MPC Announcement:
30 March 2023
Savings options to suit your needs
Instant access to your savings
Our instant access deposits offer you immediate access to your funds while ensuring you still benefit from a competitive rate. Save from R100,000 initial deposit and choose from a prime-linked or money-market linked rate. You may withdraw and top up funds whenever it suits.
Access after a fixed term to your savings
Our fixed deposit accounts enable you to lock your savings away for a fixed term*, while you benefit from higher rates of interest. Save from R100,000. You have the choice of a fixed or prime-linked interest rate as well as the availability of a tax-free product option.