South Africa welcomes 1st small interest rate cut in 4 years
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 Africa central bank joins rate cut movement
South Africa’s central bank cut its benchmark interest rate for the first time since 2020 on Thursday, joining other nations in reducing borrowing costs as inflation eases. Central banks worldwide hiked rates after inflation soared in the wake of the Covid pandemic and Russia’s invasion of Ukraine,
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 Real Rate at 19-Year High Unlikely to Spur Big Cut
South Africa’s real, inflation-adjusted interest rates reached the highest level in 19 years after price pressures cooled, but that’s unlikely to embolden the central bank to cut borrowing costs by more than a quarter point.
South African central bank cuts key rate for first time in over four years
South Africa's central bank cut its main interest rate by 25 basis points to 8.00% on Thursday, its first rate reduction in more than four years. (Reporting by Tannur Anders, Bhargav Acharya and Kopano Gumbi; Editing by Alexander Winning and Emelia Sithole-Matarise)
South Africa Lowers Interest Rates for First Time Since 2020
South Africa’s central bank cut interest rates by 25 basis points, lowering them from a 15-year high and marking the first easing in more than four years.
South Africa getting to grips with economic reforms, central bank governor says
South Africa is getting to grips with reforms that could lift its economic potential, its central-bank governor said on Thursday, adding that success tackling a longstanding power crisis could spur progress in other sectors.
South Africa seen sticking to modest rate cut despite Fed move
Still, the decision may be close, with economists in a separate survey expecting the MPC to be split on the decision, with most members favouring a quarter-point reduction.
It’s good, but not great: South Africa's first interest rate cut in four years
The SA Reserve Bank cut the repo rate by 0.25 basis points today, the first time South Africans have seen a rate cut in four years. While the cut was welcomed, some say it should have been by 0.5 basis points and believed the SARB acted too conservatively.
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.
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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 ...
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South Africa Central Bank Sees Growth, CPI Perks on Power Fix
(Bloomberg) — The end to regular power outages in South Africa may lead to an upward revision to economic-growth forecasts and help in the fight against inflation, the nation’s central bank ...
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Brains behind South Africa's $130m bank scandal jailed
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Jumbo Fed rate cut sparks global market rally
Resurgent risk appetite swept global financial markets higher from stocks and metals to gold and oil on Thursday, after the U ...
Bank of England keeps its main interest rate on hold at 5% in wake of big US Fed rate cut
Bank of England keeps its main interest rate on hold at 5% in wake of big US Fed rate cut. 24/7 coverage of breaking news and ...
It's Not Just the Fed. This Week Is a Central-Bank Bonanza
A swath of central banks followed the Federal Reserve in issuing interest-rate decisions, though several held policy steady: The Bank of England held rates at 5%, as expected. Like the European ...