Rate Cuts 2024 South Africa. South africa’s central bank lowered its benchmark interest rate by 25 basis points to 8%, marking the first rate cut in over four years. The south african reserve bank (sarb) is widely expected to cut interest rates in south africa this month, which could be good news for the rand.
“these policy decisions will see the repo rate at 7.75% and the prime rate at 11.25% by the end of 2024. The outlook for interest rate cuts has become more positive lately.
