The MPC’s decision on repo rates: implications for the Rand and oil prices
African News Agency | 30.05.2026 18:47
The MPC argued in its press release that the US-Iran conflict is unlikely to be resolved quickly and used two scenarios to support its decision to hike the repo rate: “The first scenario assumes that the conflict lasts another two months or so, with oil prices averaging nearly US$100 per barrel for this period and the rand about 5% weaker against the dollar. The second, more extreme scenario has the war lasting over a year, with oil prices staying above US$100 per barrel and the rand 10% weaker”.
