SARB & monetary policy

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Last updated 8:10 AM on 8/25/26
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5 Terms

1
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what is the SARB

South Africa’s central bank

2
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what is the main purpose of monetary policy

to influence money/interest rates to achieve objectives such as stable prices, full employment and economic growth

3
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what is the repo rate

the rate at which the SARB lends money to the country’s commercial banks

4
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what happens when the SARB increases the repo rate

  • borrowing costs increase

  • spending decreases

  • demand decreases

  • inflation slows down


5
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what happens when the SARB decreases the repo rate

  • borrowing costs decrease

  • spending increases

  • economic growth increases