Central Bank Profile

South African Reserve Bank

Protect the value of the currency in the interest of balanced and sustainable economic growth, with policy now anchored on the 3% objective within the 3–6% target range.

Governor

Lesetja Kganyago

Governor since

2014

Established

1921

Policy rate

7.00%

Inflation (y/y)

5.0%

Next MPC

17 September 2026