MPC Announcement | In conversation with Nompumelelo Sibiza prior the announcement

7 months ago 77


Economists expect a series of interest rate cuts from the South African Reserve Bank (SARB) starting from today (19 September 2024). Investec Chief Economist, Annabel Bishop says she expects the reserve bank to cut rates by a minimum of 25 basis points. Rates remain at their highest level in fifteen years with the repo rate at 8,25%, and the prime lending rate at 11,75%. This week's Stats SA data showed that the consumer price inflation fell further from 4,6% in July to 4,4% in August 2024. For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.