4independent outlets
What happened, for context
The South African Reserve Bank raised its policy rate by 25 basis points to 7.25% on September 23, 2026 (effective September 25), in a unanimous decision. The bank cited inflation pressures from fuel costs and global shocks, including escalation in Iran war hostilities. August inflation rose to 4.4% year-on-year, above the bank's 3% target.
Who reported it
- clubofmozambique.comUNCLASSIFIED
- insidepolitic.co.zaUNCLASSIFIED
- serrarigroup.comUNCLASSIFIED
- themercury.co.zaUNCLASSIFIED
References
- clubofmozambique.comSouth Africa raises interest rate, citing Iran war price shocksScreenshot as publishedOriginalcaptured 2026-09-24T15:42:36
- insidepolitic.co.zaSouth Africa’s central bank raises main interest rate to 7.25%Screenshot as publishedOriginalcaptured 2026-09-24T15:42:36
- serrarigroup.comSouth Africa Raises Repo Rate to 7.25% as Inflation RisesScreenshot as publishedOriginalcaptured 2026-09-24T15:42:36
- themercury.co.zaSouth Africa’s inflation rises to 4.4% as transport costs fuel price pressuresScreenshot as publishedOriginalcaptured 2026-09-24T15:42:36
Carried by multiple outlets
- The South African Reserve Bank raised its policy rate by 25 basis points to 7.25%clubofmozambique.com, insidepolitic.co.za, serrarigroup.com
- The decision by the Monetary Policy Committee was unanimousclubofmozambique.com, insidepolitic.co.za, serrarigroup.com
- August headline inflation was 4.4% year-on-yearclubofmozambique.com, insidepolitic.co.za, serrarigroup.com, themercury.co.za
- Inflation rose from 4.3% in July to 4.4% in Augustinsidepolitic.co.za, serrarigroup.com, themercury.co.za
- The central bank's inflation target is 3% with a tolerance band of ±1 percentage pointinsidepolitic.co.za, serrarigroup.com
- The rate increase followed escalation in the Iran war driving up oil pricesclubofmozambique.com, insidepolitic.co.za
- and 2 more, not shown
Reported by one outlet only
- The decision was announced on September 23, 2026 and takes effect on September 25only serrarigroup.com
- The previous rate prior to the increase was 7.00%only serrarigroup.com
- SARB Governor Lesetja Kganyago stated the rate hike was proportionate and that South Africa's growth recovery has slowedonly clubofmozambique.com
- South Africa's economic growth forecast was lowered to 1.2% from 1.4% previouslyonly clubofmozambique.com
- Inflation forecasts are 4.4% in 2026, 4.0% in 2027, and 3.2% in 2028, with expected return to around 3% toward end of 2027only serrarigroup.com
- GDP growth is forecast at 1.2% for 2026, 1.7% for 2027, and 1.9% for 2028only serrarigroup.com



