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Data from Emerging Markets composite. Forecasts by Sigmanomics Forecast Engine.
South AfricaSouth Africa SARB Repo Rate held to 7 Percent in June 2026
Emerging Markets compositeMonthlyReleased July 2026
South Africa SARB Repo Rate held to 7 Percent in June 2026, released July 2026.
Latest Release
7.000000
Actual
—
Consensus
7.000000
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 | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.67 | FOREX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.54 | CRYPTO | Moves with | → View |
| USD/ZAR | ▼ Inverse | −0.36 | FOREX | Moves against | → 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 June 2026. The reading was unchanged from the previous release. 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 6.92 Percent, up from the prior three at 6.83 Percent. Volatility over the past year (σ 0.13 Percent) is lower than the prior year (σ 0.32 Percent). In July readings over the past 3 years, SARB Repo Rate has averaged 7.42 Percent.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/USD (Bullish EUR). A secondary relationship exists with BTC/USD, positively correlated (Bullish BTC).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Unemployment Rate (Aug 11).
Auto-generated from current model state · Refreshes on each release · Last update July 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 held steady at 7.000000 percent in July 2026, unchanged from May's 7.000000 percent. The rate has remained stable since July 2025, reflecting a consistent monetary policy stance. Market participants will watch upcoming inflation data for further guidance. Updated 7/27/26
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 (Jul 2026): actual 7 Percent. Prior reading (May 2026): 7 Percent. Before that (Mar 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=0.67) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - ZA Events
| Monday, August 3, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 09:00 | ZA | ABSA Manufacturing PMI | 47.3 | 49 | 51.95 | Low | |
| Wednesday, August 5, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 07:15 | ZA | S&P Global PMI | 50.5 | 51 | 51.00 | Low | |
| Friday, August 7, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:00 | ZA | Foreign Exchange Reserves | 74.11 | 72 | 72.00 | Low | |