South Africa welcomes 1st small interest rate cut in 4 years
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 although inflation had fallen faster than expected there were still risks to the outlook.
South Africa central bank joins rate cut movement
South Africa’s central bank cut its benchmark interest rate for the first time since 2020 on Thursday, joining other nations in reducing borrowing costs as inflation eases. Central banks worldwide hiked rates after inflation soared in the wake of the Covid pandemic and Russia’s invasion of Ukraine,
South Africa Is First Country to Lower Rates After Fed Cut
SARB cut its main benchmark rate by a quarter percentage point to 8%.
South African central bank cuts key rate for first time in over four years
South Africa's central bank cut its main interest rate by 25 basis points to 8.00% on Thursday, its first rate reduction in more than four years. (Reporting by Tannur Anders, Bhargav Acharya and Kopano Gumbi; Editing by Alexander Winning and Emelia Sithole-Matarise)
South Africa Real Rate at 19-Year High Unlikely to Spur Big Cut
South Africa’s real, inflation-adjusted interest rates reached the highest level in 19 years after price pressures cooled, but that’s unlikely to embolden the central bank to cut borrowing costs by more than a quarter point.
South Africa seen sticking to modest rate cut despite Fed move
Still, the decision may be close, with economists in a separate survey expecting the MPC to be split on the decision, with most members favouring a quarter-point reduction.
It’s good, but not great: South Africa's first interest rate cut in four years
The SA Reserve Bank cut the repo rate by 0.25 basis points today, the first time South Africans have seen a rate cut in four years. While the cut was welcomed, some say it should have been by 0.5 basis points and believed the SARB acted too conservatively.
South Africa getting to grips with economic reforms, central bank governor says
South Africa is getting to grips with reforms that could lift its economic potential, its central-bank governor said on Thursday, adding that success tackling a longstanding power crisis could spur progress in other sectors.
South Africa Lowers Interest Rates for First Time Since 2020
South Africa’s central bank cut interest rates for the first time in four years and signaled a more optimistic outlook for inflation. Danelee Masia, Deutsche Bank, South Africa and Sub-Saharan Africa Chief Economist,
South African rand holds firm after first rate cut in four years
The South African rand held onto early gains on Thursday following the South African Reserve Bank's (SARB) decision to cut interest rates for the first time in over four years, after a super-sized interest rate cut by the U.
Relief for South Africans as Reserve Bank cuts interest rate by 25 basis points
South Africans can loosen their belt a tiny bit this month as the SARB has decided finally to cut the interest rate.
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Kenya central bank to hold its next rate-setting meeting on Oct 8
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It's Not Just the Fed. This Week Is a Central-Bank Bonanza
A swath of central banks followed the Federal Reserve in issuing interest-rate decisions, though several held policy steady: The Bank of England held rates at 5%, as expected. Like the European ...