Rate Cuts 2024 South African Economy

Rate Cuts 2024 South African Economy. Policymakers in south africa, which has held rates in recent meetings after a series of increases from late 2021 onwards, needed to see more data showing inflation was moving closer to the middle. South africa's central bank cut its main interest rate for the first time in more than four years, as it said it saw inflation staying below the midpoint of its target range as far out as 2026.

Central banks in two of africa’s largest economies — south africa. The south african reserve bank (sarb) lowered the repo rate by 25 basis points to 8.00%, as predicted by economists polled by reuters.