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Data from Emerging Markets composite. Forecasts by Sigmanomics Forecast Engine.
South AfricaSouth Africa SARB Repo Rate climbed to 7 Percent in May 2026
Emerging Markets compositeMonthlyReleased May 2026
South Africa SARB Repo Rate climbed to 7 Percent in May 2026, up 0.25 Percent from April's 6.75 Percent reading.
Latest Release
7.000000
Actual
—
Consensus
6.750000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.65 | FOREX | Bullish EUR | → View |
| USD/ZAR | ▼ Inverse | −0.62 | FOREX | Bearish USD | → View |
| BTC/USD | ▲ Direct | +0.37 | CRYPTO | Bullish BTC | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
SARB Repo Rate (South Africa) was reported at 7.00 Percent in May 2026. The reading rose from the previous value of 6.75 Percent. Over the past 12 months, the indicator has averaged 6.88 Percent, ranging from 6.75 Percent to 7.00 Percent across 6 releases. This is classified as a critical-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 6.83 Percent, down from the prior three at 6.92 Percent. Volatility over the past year (σ 0.13 Percent) is lower than the prior year (σ 0.34 Percent). In May readings over the past 3 years, SARB Repo Rate has averaged 7.50 Percent.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/USD (Bullish EUR). A secondary relationship exists with USD/ZAR, negatively correlated (Bearish USD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Balance of Trade (Jun 30).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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SARB Repo Rate - ZA
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About SARB Repo Rate — South Africa
DEFINITION
South Africa’s SARB Repo Rate rose to 7.000000 percent in May 2026, up from April’s 6.750000 percent, marking a clear tightening move. The increase reverses the previous three-month hold at 6.750000 percent, signaling renewed monetary policy hawkishness. Markets will now reassess interest rate expectations amid this shift. Updated 5/30/26
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Releases in this category are tier-1 market events that frequently produce same-session cross-asset repricing. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 7 Percent. Prior reading (Mar 2026): 6.75 Percent. Before that (Jan 2026): 6.75 Percent.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with EUR/USD (Bullish EUR, r=0.65) — a useful reference for forex-focused traders.