Rates & finance 23 Jul 2026 Ikhayalami archive

SARB holds at 7% in July, keeping prime at 10.5%

The MPC kept the policy rate unchanged at 7% on 23 July 2026 after the May increase. SARB said inflation had reached 5.0% in June, while four committee members preferred a hold and two favoured a 25-basis-point increase.

Industry desk
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THE BRIEFING

The MPC kept the policy rate unchanged at 7% on 23 July 2026 after the May increase. SARB said inflation had reached 5.0% in June, while four committee members preferred a hold and two favoured a 25-basis-point increase.

WHY THIS MATTERS

The practical property impact

The July hold kept prime-linked bond repayments unchanged for the moment, but the split vote and elevated inflation signalled continued rate risk for borrowers and prospective buyers.

EDITORIAL METHOD

Briefed for context. Linked for verification.

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