Rate Cuts 2024 South Africa 2024. 19, according to a reuters poll of. 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.
The south african reserve bank has cut the interest rate by 25 basis points to 8% after the country’s headline inflation fell to its lowest levels in three years. By the end of 2024, it is anticipated that south africa will see a total rate cut of 50 basis points, with more to follow in 2025.