SARB Rate Changes 2024, 2025 & 2026 — Full MPC Timeline
Every Monetary Policy Committee decision from 2024 through April 2026 — repo rate, prime rate, change amount, and impact on bond repayments.
Current Rates — April 2026
Prime Rate
10.25%
Repo Rate
7.75%
What the SARB Rate Changes Mean for Your Bond
Since the SARB began cutting in September 2024, three cuts of 25 basis points each have reduced the prime rate by 0.75% in total — from 11.00% to 10.25%. On a R1 million home loan over 20 years, this saves approximately R477 per month compared to the peak rate period.
The next MPC meeting is scheduled for May 2026. Most economists polled by Reuters and Bloomberg expect the SARB to hold rates at the May meeting. A further 25 basis point cut in the second half of 2026 is possible if CPI continues to fall toward the 4.5% midpoint target and global economic conditions remain stable.
Use our home loan calculator to see how further rate cuts would affect your specific bond repayment.
Disclaimer: Rate data sourced from SARB MPC statements. Forecasts are market consensus estimates and not guaranteed. Always consult a financial adviser before making decisions based on rate expectations.
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