Rate Cuts 2024 South Africa. The monetary policy committee reduced its. All but two of 22 economists surveyed in the past week said the south african reserve bank (sarb) would cut rates by 25 basis points (bps) to 7.75% at its nov.
The south african reserve bank (sarb) is widely expected to cut interest rates in south africa this month, which could be good news for the rand. The south african reserve bank will probably cut interest rates by 25 basis points — bringing the benchmark repo rate to 8% — when it concludes its latest monetary policy meeting on thursday,.