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 bank is cutting the repo rate by 25 basis points (BPS), meaning rates will come down by 0.
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's MPC announces first repo rate cut in 4 years
The central bank’s Monetary Policy Committee has decided to cut the repo rate by 25 basis points, which will take effect from Friday.
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 cost of borrowing to offer some relief to consumers.As expected, the SARB yesterday cut its repurchase rate (repo rate) by 25 basis points to 8% a year,
SARB joins easing club with 25 basis point rate cut
South Africa's central bank cut its main interest rate for the first time in more than four years on Thursday, as it said it saw inflation staying below the midpoint of its target range as far out as 2026.
SARB ‘likely’ to cut repo rate by 25 basis points
Chief Economist at Econometrix Azar Jammine says the easing of consumer inflation is mainly due to the drop in the international oil price and the strengthening of the rand.
devdiscourse1d
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 ...
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, ...
‘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 ...
Independent Online on MSN2d
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 ...
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 ...
Stage is set for a cut in interest rates this week
Many economists predict a cut of 25 basis points will be announced by SARB governor Lesetja Kganyago on Thursday.
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 ...
eNCA on MSN1d
Discussion | Market reaction to interest rate cuts
JOHANNESBURG - On Thursday, the Monetary Policy Committee, announced a 25 basis point interest rate cut, as predicated by ...
Property industry says SARB’s first rate cut in four years a positive for consumers’ financial well-being
Toni Anderson, head of Standard Bank Home Services, said a bond worth R1 million would see a saving of R208 per month, or R2 ...