Rate Cuts 2024 South Africa. 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. The us federal reserve’s recent decision to maintain interest rates.
Alexforbes argued that the decline in inflation would allow the bank to cut the repo rate by 75 basis points (bps) by july 2024. Africa economist yvonne mhango said a firmer rand and fall in fuel prices are reining in south africa’s annual inflation faster than expected, bringing the first rate cut.