Relief for South Africans as Reserve Bank cuts interest rate by 25 basis points
South Africans can loosen their belt a tiny bit this month as the SARB has decided finally to cut the interest rate.
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 interest rate
There was good news for South Africans in debt on Thursday when the SARB's monetary policy committee elected to cut the interest rate.
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 African rand cools after strong gains in data-filled week
The South African rand softened in early trade on Friday, cooling off after strong gains in a week that saw interest rate cuts by both the U.S. Federal Reserve and the South African Reserve Bank (SARB),
SARB Announces 25 Basis Points Interest Rate Chop, South Africans Not Happy
The South African Reserve Bank Governor Lesetja Kganyago announced that the interest rates have been cut by 25 basis points to 8%, which did not impress many.
Rand Gains With SARB Poised For First Rate Cut in Four Years
The rand gained Thursday morning ahead of a South African Reserve Bank interest rate decision, where the central bank is expected to deliver its first cut since July 2020.
South African rand holds firm after first rate cut in four years
The South African rand held onto early gains on Thursday following the South African Reserve Bank's (SARB) decision to cut interest rates for the first time in over four years, after a super-sized interest rate cut by the U.
USD/ZAR: Rand levels to watch as SARB starts rate cuts
The South African rand surged to its highest point since July after the Federal Reserve started cutting interest rates and as the country’s central bank prepares for its cut. The USD/ZAR exchange rate dropped to a low of 17.
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EFF behind fresh attempt by politicians to control SA Reserve Bank – Patrick McLaughlin
Julius Malema has once again proposed nationalising the South African Reserve Bank (SARB), reigniting a contentious debate.
Property industry says SARB’s first rate cut in four years a positive for consumers’ financial well-being
Toni Anderson, head of Standard Bank Home Services, said a bond worth R1 million would see a saving of R208 per month, or ...
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Reserve Bank cuts rates by 25 basis points
The South African Reserve Bank has finally delivered some much-needed relief to consumers in the country by electing to cut ...
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Reserve Bank cuts repo rate by 25 basis points thanks to diminished risks
Overindebted consumers breathed a sigh of relief as the Reserve Bank decided to but the repo rate after 16 months of no ...