What date is the next interest rate announcement?
The next scheduled Monetary Policy Committee announcement is on Thursday 19 November 2026. The statement is released at about 15:00 SAST, with the governor's media briefing following shortly afterwards. The date comes from the SARB's own MPC announcement calendar — the same calendar that carried the 23 September 2026 meeting. If the Bank announces changes to the schedule, the date moves with that announcement, not before.
How does the current prime rate affect your monthly bond repayment?
Banks price variable-rate home loans off the prime lending rate, which has stood at 10.75% since 25 September 2026, when the September hike worked through. At that rate, bond.co.za's calculation puts a R1.5 million bond over 20 years at about R 15 228 per month. Every 25 basis point move in prime shifts that instalment by roughly R 254 — up if the MPC hikes, down if it cuts. To see the instalment at your own bond size and term, use the bond repayment calculator.
What would another 25 basis point move do to your repayment?
No one knows what the committee will do on 19 November 2026, so the table below shows the arithmetic of a single 25 basis point move in either direction — the same scenario size the MPC has used for both of its 2026 moves. It is an illustration for budgeting, not a forecast:
| Bond size | At 10.75% (today) | At 11.00% (+25bp) | Difference / month |
|---|---|---|---|
| R 1 000 000 | R 10 152 | R 10 322 | +R 170 |
| R 1 500 000 | R 15 228 | R 15 483 | +R 254 |
| R 2 000 000 | R 20 305 | R 20 644 | +R 339 |
In the other direction, a 25 basis point cut would take prime to about 10.50% and save about R 253 a month on a R1.5 million bond. These are estimates at prime with no margin — your actual rate may be prime plus or minus a margin depending on your bank, deposit and credit profile. To run both scenarios at your own numbers, use the rate increase impact calculator.
Will there be another interest rate cut in South Africa?
Nothing the committee has said this year points to one. The 2026 record reads hike (May), hold (July), hike (September) — and the September statement cited headline inflation at 4.4% and a deliberately more restrictive stance to prevent second-round effects from feeding into wages and prices. That is the language of a committee watching inflation, not easing. But the MPC decides meeting by meeting, on the data in front of it: no direction is guaranteed, and this article is not a forecast.
What is the forecasted interest rate for 2026?
The SARB publishes no rate path, so any "forecast" belongs to an analyst, not the Bank. The most-cited external call is Bank of America's September view of two 25 basis point hikes in 2026, taking the repo rate from 7.00% to 7.50% by year-end — the first landed on 23 September, leaving one still outstanding, and Bloomberg described the call as an outlier among forecasters. Our interest rate forecast for South Africa page rounds up the published paths after every MPC decision, and our Bank of America explainer takes that call apart in full.
(Last updated 12 October 2026. Rate figures verified against the SARB September 2026 MPC statement and the SARB MPC calendar listed below. Repayment examples: 20-year term at prime, no margin — your actual rate may be prime plus or minus a margin.)