26 March 2026
The Federation of Unions of South Africa (FEDUSA) notes the decision by the South African Reserve Bank’s Monetary Policy Committee (MPC) to keep the repo rate unchanged at 6.75% for the second consecutive time this year.
While FEDUSA acknowledges that an unchanged repo rate means the current cost of borrowing offers stability for indebted consumers, but it does not provide meaningful relief for workers and households already under severe financial pressure due to the high cost of living.
Many consumers remain financially stretched and continue to struggle with rising living costs. In this context, maintaining the current rate does little to ease their burden. Workers and households require urgent financial relief.
FEDUSA reiterates that lower interest rates would help ease debt-servicing costs, improve disposable income, and stimulate consumer spending, which is important for the economy. A reduction in the repo rate would provide much-needed relief for workers and vulnerable households.
END.