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South Africa's Central Bank Cuts Rates for First Time in Four Years
South Africa's central bank lowered its benchmark interest rate by 25 basis points to 8%, marking the first rate cut in over four years. This move follows the U.S. Federal Reserve's 50 basis-point reduction the previous day and reflects expectations of further global financial easing.
Reserve Bank Governor pours cold water on an interest rate cut in September
South Africans are all hoping for an interest rate cut in September but Governor Kganyago has perhaps poured some cold water on this relief.
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 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
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 change.
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.
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's central bank cuts repo rate by 25 basis points
The South African Reserve Bank SARB the country central bank said Thursday that it has decided to cut the repurchase rate by 25 basis points to 8
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 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 Citizen
23h
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, ...
Moneyweb
1d
‘Adventurism’ not part of policy toolkit, says Kganyago after rate cut
“Adventurism is not part of our monetary policy toolkit,” he said. Kganyago emphasised that there are many moving parts ...
Algoa FM
1d
Positive reaction to interest rate cut
There has been a positive reaction to the 25 basis points cut in the repo rate, the first cut in the prime lending rate since ...
1d
on MSN
SARB called out for being ‘conservative’ in first rate cut since Covid-19
THE South African Reserve Bank (SARB) has been called out for being “too conservative” after opting for the lowest cut in the ...
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