The SARB published a consultation paper on selected interest rate benchmarks in South Africa on 30 August 2018. The consultation paper sets out proposals for the reform of interest rate benchmarks in South Africa. To manage the process of adoption of, and transition to the new interest rate dispensation as proposed in the consultation paper, the SARB established the MPG. 

Following the consultation period, the SARB will liaise with the MPG in finalising the implementation paper on interest rate benchmarks in South Africa.