{"id":"ZAF","institution":"South African Reserve Bank (SARB)","body":"Monetary Policy Committee","card_type":"rate_decision","decision":"hold","bank_rate":7,"bank_rate_unit":"percent","previous_bank_rate":7,"change_bps":0,"vote":"4-2","dissent":"two members favoured an increase of 25 basis points","meeting_ended":"2026-07-23","published":"2026-07-23","next_decision":"2026-09-23","inflation":null,"inflation_target":3,"summary":"FREE SAMPLE, older example: previous meeting (2026-07-23). The paid card is the latest decision. Source: South African Reserve Bank, Statement of the Monetary Policy Committee, 23 July 2026, issued by Governor Lesetja Kganyago. Quoted as published: \"the committee decided to keep the policy rate unchanged, at 7%.\" and \"Four members preferred a hold, while two favoured an increase of 25 basis points.\" previous_bank_rate equals bank_rate because the rate was kept unchanged; change_bps (0) is calculated by FilingDelta. The statement gives no current CPI print, so inflation is null. inflation_target: \"our 3% target\". next_decision: \"The next statement of the Monetary Policy Committee will be released on 23 September.\" Not investment advice.","why_it_matters":"Quoted as published (SARB, 23 July 2026): \"We see upside risks to inflation.\" and \"with the rate increase at our previous meeting, the policy stance is appropriate for now, with rates somewhat restrictive.\" Source: South African Reserve Bank (SARB), https://www.resbank.co.za/content/dam/sarb/publications/statements/monetary-policy-statements/2026/july/july-statement.pdf","source_url":"https://www.resbank.co.za/content/dam/sarb/publications/statements/monetary-policy-statements/2026/july/july-statement.pdf","generated_at":"2026-10-24T19:58:07.194Z"}