Rate Cuts 2024 South African Economy. Rate cut by 25 basis points, in line with market forecasts. Monetary policy has remained tight in africa's most industrialised economy with the central bank holding rates at 8.25% since may 2023 after a hiking cycle from late 2021.


Rate Cuts 2024 South African Economy

10 as major central banks—such. According to the bank, while forward rate agreement rates at the end of 2023 indicated that sa’s policy rate would be lowered in the first half of 2024, this picture has now shifted to.

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