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.
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.
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