SARB, MPC
SARB rate cut too little and too late for SA consumers
This marked the SARB’s first policy easing since the Covid-19 pandemic in mid-2020 as the annual inflation rate slowed to a three-year low of 4.4% in August, below the SARB’s 4.5% midpoint target level.
Experts react to SARB's 0.25% interest rate cut and its impact
Experts are sharing insights on the South African Reserve Bank's recent decision to lower the interest rate by 0.25 percentage points, a move expected to significantly impact consumers, businesses, and the overall economy.
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.
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.
SARB cuts interest rate by 25 bps
Breaking News! The SARB's Monetary Policy Committee has unanimously decided to reduce the policy rate by 25 basis points to 8% per annum, resulting in a new prime rate of 11.50%.
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.
Sarb announces 25bp rate cut
The South African Reserve Bank (Sarb) cut its repurchase rate (repo rate) by 25 basis points to 8% on Thursday, the first cut since the Covid-19 global economic fallout four-and-a-half years ago. Central bank governor Lesetja Kganyago confirmed the decision following the Sarb’s September Monetary Policy Committee (MPC) meeting in Pretoria.
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.
Rand Gains With SARB Poised for First Rate Cut in Four Years
The rand gained Thursday morning ahead of a South African Reserve Bank interest rate decision, where the central bank is expected to deliver its first cut since July 2020.Most Read from BloombergAOC Proposes $30 Billion Social Housing AuthorityCalifornia’s Anti-Speeding Bill Can Be a Traffic Safety BreakthroughNew York City’s Transit System Plans $65.
The Citizen1h
Repo rate cut too little too late for consumers on edge of financial ruin?
Although South Africans were relieved when the repo rate was cut by 25 basis points, it was not nearly enough to really help.
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 ...
South African rand cools after strong gains in data-filled week
The South African rand softened in early trade on Friday, cooling off after strong gains in a week that saw interest rate ...
omanobserver1d
Dhofar Governorate welcomes 'Sarb' season
Dhofar Governorate welcomed the astronomical spring season, or as it is locally called ‘Sarb’, which affects the ...
How can foreigners own SARB with no seat for blacks at the table?
How many South African blacks are among the 830 shareholders who own the bank? This statistic is important if South Africa ...