Interest Rate Cuts 2024 South Africa 2024

Interest Rate Cuts 2024 South Africa 2024. Eighteen of 20 economists surveyed in the past week said the south african reserve bank would hold interest rates at 8.25% on july 18 and the median forecast. South africa's central bank is now predicted to deliver only 50 basis points of interest rate cuts this year, less than earlier projected as inflation is seen taking.

The south african reserve bank will cut its repo rate by 25 basis points to 8.00% at its sept. Decision to keep repo rate at 8.25% was unanimous;