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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.
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.
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.
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.
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.
South Africa Is First Country to Lower Rates After Fed Cut
SARB cut its main benchmark rate by a quarter percentage point to 8%.
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.
The Citizen
1d
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, ...
2d
on MSN
SARB finally announces rate cut
Governor Lesetja Kganyago today announced a cut in the repurchase rate (repo rate) for the country. Kganyago said the central ...
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 ...
Independent Online on MSN
2d
Relief at last for South Africans as Reserve Bank cuts interest rate by 25 basis point
The repo rate had been on a 14-year high before this cut by the MPC. The Reserve Bank Governor,
Lesetja
Kganyago
said in ...
News24
1d
'Hawks, doves, owls': Kganyago on why SA's rate cut is smaller and later
After the global rate-cut extravaganza in 2020, South Africa was one of the first countries to start hiking again, back in ...
Bizcommunity
2d
SA economy under strain as MPC opts for modest repo-rate cut
The MPC cut South Africa's repo rate by 25 basis points to 8%, citing inflation risks, geopolitical uncertainty, and weak ...
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