Lissy Phyllys

Interest Rate Cuts 2024 South Africa. The south african reserve bank has cut the interest rate by 25 basis points to 8% after the country’s headline inflation fell to its lowest levels in three years. Previously, standard bank expected the reserve bank to cut interest rates by 75 basis points in the second half of 2024 and 25 basis points in the first half of 2025.

Indebted south african consumers get a boost as the reserve bank’s monetary policy committee (mpc) cuts interest rates by 25 basis points, in line with expert predictions. The south african reserve bank (sarb) is widely expected to start cutting rates in september, but economists have warned debt holders to be realistic about what’s coming:.