Interest Rate Cuts 2024 South African Economy. The south african reserve bank will cut its repo rate by 25 basis points to 8.00% at its sept. Repo rate cuts in south africa and the.
The reduction, the first one of more than four years, leaves the benchmark repo rate at 8%. The south african reserve bank has cut the interest rate by 25 basis points to 8% after the country’s headline inflation fell to its lowest levels in three years.