The Reserve Banks Monetary Policy Committee MPC has decided to keep rates unchanged, leaving the repo rate steady at 6.75 percent and the prime lending rate at 10.25 percent.
The bank says inflation has reached its peak for the year and is expected to remain under control.
Reserve Bank Governor Lesetja Kganyago says if the rand continues to strengthen and oil prices continue to drop, then interest rate cuts can be expected this year.
