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Interest Rate Cuts 2024 South Africa

Interest Rate Cuts 2024 South Africa. Lingering uncertainty about when inflation will return to the central bank’s target midpoint and uncertainty about global disinflation contributed to recent market. Many experts expect this to happen in the second half of this year and for south africa to see its first interest rate cut in july 2024.


Interest Rate Cuts 2024 South Africa

The south african reserve bank’s (sarb’s) monetary policy committee (mpc) will sit for its first meeting of 2024 at the end of january, with economists. South africa’s reserve bank will leave its repo rate on hold this week but cut rates by 25 basis points to 8.00% in september as inflation cools, a reuters poll found.

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