South Africa central bank joins easing club with 25 basis point rate cut
South Africa's central bank struck a measured tone after its first rate cut in more than four years on Thursday, saying although inflation had fallen faster than expected there were still risks to the outlook.
South African Reserve Bank Cuts Repo Rate to 8% in First Reduction Since 2020
The decision to cut the repo rate signals a shift towards a more accommodative monetary policy stance in light of favorable inflation trends and supportive economic indicators.
‘Modest’ rate cut brings some relief to consumers
Consumers can breathe a bit easier following the decision taken on Thursday by the South African Reserve Bank (SARB) monetary policy committee to cut the repo rate by 25 basis points. Announcing the cut,
South African economy under strain as MPC opts for modest repo-rate cut
There are scenarios where inflation could undershoot the baseline focus, if oil prices are lower or the exchange rate appreciates further
Relief at last for South Africans as Reserve Bank cuts interest rate by 25 basis point
The repo rate had been on a 14-year high before this cut by the MPC. The Reserve Bank Governor, Lesetja Kganyago said in discussing the stance, MPC members considered an unchanged stance, a 25bps, and a 50bps cut. “The MPC ultimately reached consensus on ...
Reserve Bank cuts repo rate to 8%
“The Sarb [South African Reserve Bank] is likely to mirror this rate path, with cuts expected at the end of the month and continuing through next year. Projections suggest the repo rate will bottom out between 6.25% and 6.75%,” he said.
South Africa Is First Country to Lower Rates After Fed Cut
SARB cut its main benchmark rate by a quarter percentage point to 8%.
South Africa Seen Sticking to Modest Rate Cut Despite Fed Cut
The South African Reserve Bank will likely lower interest rates by 25 basis points on Thursday, despite a larger-than-expected overnight move by the Federal Reserve as it turns the screws on inflation.
The Citizen20h
Repo rate drops for the first time since 2020
The South African Reserve Bank’s Monetary Policy Committee (MPC) has decided to cut the repo rate by 25 basis points, ...
SARB finally announces rate cut
Governor Lesetja Kganyago today announced a cut in the repurchase rate (repo rate) for the country. Kganyago said the central ...
Economists Split on How Deep South Africa’s Easing Cycle Will Be
South Africa’s first interest-rate cut since 2020 quickly divided economists over how much further it will go after making a ...
eNCA on MSN20h
Discussion | Market reaction to interest rate cuts
JOHANNESBURG - On Thursday, the Monetary Policy Committee, announced a 25 basis point interest rate cut, as predicated by ...
Stage is set for a cut in interest rates this week
Many economists predict a cut of 25 basis points will be announced by SARB governor Lesetja Kganyago on Thursday.