Reserve Bank’s 25 basis point rate cut comes under fire - SABC News
WEB3 days ago · Consumers can breathe a sigh of relief as the prime lending rate is now at 11.5%. This follows the South African Reserve Bank’s Monetary Policy Committee’s decision to cut the repo rate by 25 basis points to 8% with effect from Friday.. The unanimous decision marks the first time since May …
Reserve Bank cuts interest rates, gives boost to indebted ... - SABC News
WEB4 days ago · Indebted South African consumers get a boost as the Reserve Bank’s Monetary Policy Committee (MPC) cuts interest rates by 25 basis points, in line with expert predictions. The repo rate now stands at 8% and the prime lending rate at 11.5%. This marks the first rate cut in four years. Rates remain at their highest level in 15 years.
South Africa Seen Sticking to Modest Rate Cut Despite Fed Cut
WEB4 days ago · Save. 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 ...
Interest rates: Economists split on how deep cuts will go
WEB2 days ago · For more financial news, go to the News24 Business front page. South Africa’s first interest-rate cut since 2020 quickly divided economists over how much further it will go after making a cautious 25 basis point start to the easing cycle, despite the Federal Reserve going twice as big the day before. Rand strength, softer oil prices and ...
South Africa: Cautious optimism as Reserve Bank cuts rates due …
WEB4 days ago · Showing confidence in the economy. South Africa’s repo rate has remained steady at 8.25% since May 2023. However, the trade union federation COSATU earlier said with inflation having eased to 4.4% in August, the Reserve Bank should show confidence in the economy and start cutting interest rates, citing “several positive indicators” including declining fuel prices, a stronger rand and ...
WATCH | Lesetja Kganyago delivers MPC's decision on repo rates
WEB4 days ago · Reserve Bank governor Lesetja Kganyago is on Thursday making an announcement on interest rates. Just R20 for the first month. Support independent journalism by subscribing to our digital news ...
Gryphon’s Du Plessis Is Lone Outlier on South African Rates
WEB5 days ago · September 18, 2024 at 2:00 AM EDT. Save. Economists are almost unanimous that the South African Reserve Bank will deliver a 25-basis-point interest-rate cut on Thursday. Almost, but not quite. The ...
Reserve Bank to announce interest rates decision on Thursday
WEBJan 25, 2024 · The Reserve Bank’s Monetary Policy Committee is expected to announce its decision on interest rates on Thursday afternoon. Analysts believe the Bank is likely to keep the repo rate unchanged at 8.25% and commercial banks’ prime lending rate at …
Newsroom - resbank.co.za
WEBThe SARB holds various press conferences and issues a host of media statements throughout the year. Speeches, presentations and discussion notes of the Governor, Deputy Governors and senior leadership of the SARB to various public and stakeholder meetings are published on the website.
South African rand cools after strong gains in data-filled week
WEB3 days ago · The South African rand softened in early trade on Friday, cooling off after strong gains in a week that saw interest rate cuts by both the U.S. Federal Reserve and the South African Reserve Bank ...
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