South African Reserve Bank Cuts Repo Rate to 8% in First Reduction Since 2020
The decision to cut the repo rate signals a shift towards a more accommodative monetary policy stance in light of favorable inflation trends and supportive economic indicators.
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.
‘Modest’ rate cut brings some relief to consumers
Consumers can breathe a bit easier following the decision taken on Thursday by the South African Reserve Bank (SARB) monetary policy committee to cut the repo rate by 25 basis points. Announcing the cut,
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.
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 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 Citizen1d
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, ...
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 ...
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 ...
News241d
'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 ...
Bizcommunity1d
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 ...