South Africa welcomes 1st small interest rate cut in 4 years
South Africa central bank joins easing club with 25 basis point rate cut
South Africa's central bank struck a measured tone after its first rate cut in more than four years on Thursday, saying although inflation had fallen faster than expected there were still risks to the outlook.
South Africa Lowers Interest Rates for First Time Since 2020
South Africa's central bank cut interest rates for the first time in four years and signaled a more optimistic outlook for inflation. Danelee Masia, Deutsche Bank, South Africa and Sub-Saharan Africa Chief Economist,
South Africa Is First Country to Lower Rates After Fed Cut
SARB cut its main benchmark rate by a quarter percentage point to 8%.
S.Africa Central Bank Joins Rate Cut Movement
South Africa's central bank cut its benchmark interest rate for the first time since 2020 on Thursday, joining other nations in reducing borrowing costs as inflation eases.
South Africa Real Rate at 19-Year High Unlikely to Spur Big Cut
South Africa’s real, inflation-adjusted interest rates reached the highest level in 19 years after price pressures cooled, but that’s unlikely to embolden the central bank to cut borrowing costs by more than a quarter point.
South African central bank cuts key rate for first time in over four years
South Africa's central bank cut its main interest rate by 25 basis points to 8.00% on Thursday, its first rate reduction in more than four years. (Reporting by Tannur Anders, Bhargav Acharya and Kopano Gumbi; Editing by Alexander Winning and Emelia Sithole-Matarise)
It’s good, but not great: South Africa's first interest rate cut in four years
The SA Reserve Bank cut the repo rate by 0.25 basis points today, the first time South Africans have seen a rate cut in four years. While the cut was welcomed, some say it should have been by 0.5 basis points and believed the SARB acted too conservatively.
South Africa seen sticking to modest rate cut despite Fed move
Still, the decision may be close, with economists in a separate survey expecting the MPC to be split on the decision, with most members favouring a quarter-point reduction.
South Africa getting to grips with economic reforms, central bank governor says
South Africa is getting to grips with reforms that could lift its economic potential, its central-bank governor said on Thursday, adding that success tackling a longstanding power crisis could spur progress in other sectors.
South African rand holds firm after first rate cut in four years
The South African rand held onto early gains on Thursday following the South African Reserve Bank's (SARB) decision to cut interest rates for the first time in over four years, after a super-sized interest rate cut by the U.
Interest rate cut: How much LESS a R2 million bond will now cost
Here's how much it will now cost to finance a R2 million bond following the South Africa Reserve Bank's decision to cut the interest rate.
BBC2mon
Brains behind South Africa's $130m bank scandal jailed
It was only once VBS was put under the control of South Africa's central bank that investigators discovered the full extent of the alleged looting and political intrigue. VBS was placed into ...
Financial Post22d
South Africa Central Bank Sees Growth, CPI Perks on Power Fix
(Bloomberg) — The end to regular power outages in South Africa may lead to an upward revision to economic-growth forecasts and help in the fight against inflation, the nation’s central bank ...
Engineering News20d
South Africa getting to grips with economic reforms, central bank governor says
South Africa is getting to grips with reforms that could lift its economic potential, its central-bank governor said on Thursday, adding that success tackling a longstanding power crisis could ...
Stock Market Today: Dow finishes above 42,000 for first time in history after Fed's big rate cut
The blue-chip Dow was on pace to ink a milestone, a day after the Federal Reserve cut interest rates in a big way. The Dow Jones Industrial Average was up 1.3%, at last check, trading near 42,030.