{"id":35532,"date":"2024-05-30T15:13:06","date_gmt":"2024-05-30T13:13:06","guid":{"rendered":"https:\/\/stbb.co.za\/dev2\/?p=35532"},"modified":"2024-05-30T16:40:31","modified_gmt":"2024-05-30T14:40:31","slug":"stbb-newsflash-interest-rates-remain-unchanged","status":"publish","type":"post","link":"https:\/\/stbb.co.za\/dev2\/stbb-newsflash-interest-rates-remain-unchanged\/","title":{"rendered":"STBB Newsflash | Interest Rates Remain Unchanged"},"content":{"rendered":"<p>Moments ago, the Monetary Policy Committee of the South African Reserve Bank (\u2018SARB\u2019) convened its third meeting of the year. In line with economists\u2019 predictions, SARB has again elected to keep the repurchase rate (&#8216;repo rate&#8217;) at 8.25% to regulate inflation, preserve financial stability, and facilitate economic growth. Accordingly, the prime lending rate of commercial banks remains unchanged at 11.75%.<\/p>\n<p>It marks the sixth consecutive meeting in which SARB has declined to adjust the repo rate. Although inflation has decreased slightly, its modest progress toward SARB\u2019s target of 4.5% is not sufficient to justify an adjustment. Given SARB\u2019s prudent approach thus far, some economists estimate that it is unlikely to cut the repo rate before the fourth quarter.<\/p>\n<p>Contact us at <a href=\"mailto:info@stbb.co.za?Subject=STBB%20Newsflash%20|%20Interest-rates%20remain%20unchanged\">info@stbb.co.za<\/a> should you have any questions or require legal assistance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Moments ago, the Monetary Policy Committee of the South African Reserve Bank (\u2018SARB\u2019) convened its third meeting of the year. In line with economists\u2019 predictions, SARB has again elected to keep the repurchase rate (&#8216;repo rate&#8217;) at 8.25% to regulate<\/p>\n","protected":false},"author":364,"featured_media":3199,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[137,108],"tags":[],"class_list":["post-35532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-newsflash"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>STBB Newsflash | Interest Rates Remain Unchanged - STBB<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/stbb.co.za\/dev2\/stbb-newsflash-interest-rates-remain-unchanged\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samantha Smith\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/stbb-newsflash-interest-rates-remain-unchanged\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/stbb-newsflash-interest-rates-remain-unchanged\\\/\"},\"author\":{\"name\":\"Samantha Smith\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/#\\\/schema\\\/person\\\/805b4884d2d0620da8c730a20588b52a\"},\"headline\":\"STBB Newsflash | Interest Rates Remain Unchanged\",\"datePublished\":\"2024-05-30T13:13:06+00:00\",\"dateModified\":\"2024-05-30T14:40:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/stbb-newsflash-interest-rates-remain-unchanged\\\/\"},\"wordCount\":139,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/stbb-newsflash-interest-rates-remain-unchanged\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/matt-hoffman-Q0AM87PsYkE-unsplash-1.jpg\",\"articleSection\":[\"Latest\",\"Newsflash\"],\"inLanguage\":\"en-ZA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/stbb-newsflash-interest-rates-remain-unchanged\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/stbb-newsflash-interest-rates-remain-unchanged\\\/\",\"url\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/stbb-newsflash-interest-rates-remain-unchanged\\\/\",\"name\":\"STBB Newsflash | Interest Rates Remain Unchanged - 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