Interest Rate Cuts 2024 South Africa

Interest Rate Cuts 2024 South Africa. With south africa's inflation easing and global central banks cautiously beginning. Many global economies have been cutting interest rates recently, and south africa has been rather conservative in its approach, lings said, noting how the central bank has kept the.

The repo rate currently stands at 8% and the prime lending rate at 11.50%. Economists expect a series of interest rate cuts from the south african reserve bank starting from today.