Dr Samantha Smith holds a BSocSci, LLB, LLM, and PhD (Law) from the University of Cape Town. Skilled in socio-legal analysis and writing, she previously worked in investigative legal research, with a special focus on animal law and environmental policy. As the firm's chief content writer and legal editor, Samantha is responsible for writing and or editing all STBB content, including all social media, newsflashes, newsletters, articles for publication in magazines and online portals, tenders and proposals, legal updates and presentations, webinar and podcast advertisements, new professional bios, brochures, information sheets, content for special projects, and various email publications.

STBB Newsflash | Interest Rates Remain Unchanged

Moments ago, the Monetary Policy Committee of the South African Reserve Bank (‘SARB’) convened its third meeting of the year. In line with economists’ predictions, SARB has again elected to keep the repurchase rate (‘repo rate’) 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%.

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’s target of 4.5% is not sufficient to justify an adjustment. Given SARB’s prudent approach thus far, some economists estimate that it is unlikely to cut the repo rate before the fourth quarter.

Contact us at info@stbb.co.za should you have any questions or require legal assistance.

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