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 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 rate cut likely to spur agriculture expansion prospects, say economists
The recent interest rate cut will bring some relief to farmers’ borrowing costs, improve profitability and offer farmers an incentive to invest in their enterprises.
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'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 ‘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.
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.
SARB's MPC repo rate announcement: Some economists haven’t written off 50 basis point cut
The announcement of the MPC’s repo rate decision on Thursday comes a day after inflation dropped to 4.4% in August, from 4.6% the month before.
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 ...
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 ...
omanobserver2d
Dhofar Governorate welcomes 'Sarb' season
Dhofar Governorate welcomed the astronomical spring season, or as it is locally called ‘Sarb’, which affects the ...
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 ...
Economists: SARB begins rate reduction cycle to help spur GDP growth
Frank Blackmore, lead economist at KPMG told Business Report that the decision was taken as inflation moved below the central ...
omanobserver2d
Dhofar welcomes 'Sarb' season
Dhofar Governorate welcomed the astronomical spring season, or as it is locally called ‘Sarb’, which can be seen in the ...