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 Is First Country to Lower Rates After Fed Cut
SARB cut its main benchmark rate by a quarter percentage point to 8%.
South African Reserve Bank cuts interest rate
There was good news for South Africans in debt on Thursday when the SARB's monetary policy committee elected to cut the interest rate.
Interest Rate in South Africa: Changes Bring Relief for SMEs
The interest rate for South Africa has been lowered by 25 basis points. This brings the repo rate to 8% and prime rate to 11,5%.
South African Reserve Bank Cuts Repo Rate to 8% in First Reduction Since 2020
The decision to cut the repo rate signals a shift towards a more accommodative monetary policy stance in light of favorable inflation trends and supportive economic indicators.
South African rand cools after strong gains in data-filled week
The South African rand softened in early trade on Friday, cooling off after strong gains in a week that saw interest rate cuts by both the U.S. Federal Reserve and the South African Reserve Bank (SARB),
Rand Gains With SARB Poised For First Rate Cut in Four Years
The rand gained Thursday morning ahead of a South African Reserve Bank interest rate decision, where the central bank is expected to deliver its first cut since July 2020.
USD/ZAR: Rand levels to watch as SARB starts rate cuts
The South African rand surged to its highest point since July after the Federal Reserve started cutting interest rates and as the country’s central bank prepares for its cut. The USD/ZAR exchange rate dropped to a low of 17.
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.
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EFF behind fresh attempt by politicians to control SA Reserve Bank – Patrick McLaughlin
Julius Malema has once again proposed nationalising the South African Reserve Bank (SARB), reigniting a contentious debate.
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South African Markets – Factors to watch on Sept 20
The following scheduled economic event, company announcement, equity and currency market moves may affect South African ...
Independent Online on MSN1d
Relief at last for South Africans as Reserve Bank cuts interest rate by 25 basis point
The South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) has decided to finally cut the interest rate.
Mail & Guardian1d
Reserve Bank cuts repo rate to 8%
“The Sarb [South African Reserve Bank] is likely to mirror this rate path, with cuts expected at the end of the month and ...
Forex forecasts: South African rand (ZAR) and Turkish lira (TRY)
The forex market will be eventful this week as central banks in the US, Japan, and many other countries publish their ...
Oil prices rise after US interest rate cut
Oil prices rose more than 1% on Thursday after a large interest rate cut from the U.S. Federal Reserve, helping Brent to ...