A net 67% now expect the first repo rate cut in q3 2024, with the remaining 33% expecting a cut in q2 2024. Immediate rates (< 24 hours):
Most experts predict that the south african reserve bank will keep interest rates unchanged at 8.25% this week, with a potential rate cut later in 2024. Economic indicators hint at a slowdown in money flow and private credit extension, marking the weakest growth in nearly two years.
Here Are South Africa's Best Notice Account Interest Rates.
Interest rate in south africa averaged 11.85 percent from 1998 until 2024, reaching an all time high of 23.99 percent in june of 1998 and a record low of 3.50 percent in july of 2020.
South Africa’s Central Bank Has Unveiled The Biggest Increase In Interest Rates For Nearly 20 Years In The Continent’s Most Industrial Economy, Joining The Wave Of Policymakers Trying To.
South africa anticipates march 2024 interest rate cut.
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Last Updated 1St June 2024.
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Economic indicators hint at a slowdown in money flow and private credit extension, marking the weakest growth in nearly two years.
