Rate Cuts 2024 South Africa News. The south african reserve bank's monetary policy committee voted unanimously to cut its main interest rate by 25 basis points to 8 per cent, the first cut in. His bets hinge on forecasts for the rate of inflation to slow to 3.6% by the time the sarb announces its final policy decision of the year on 21 november.
The south african reserve bank slashed its key interest rate by 25 bps to 8% on september 19, 2024, as expected,. For more financial news, go to the news24 business front page.