Interest rates South Africa

2024 - 7 - 18

Breaking News: South Africa's Central Bank Holds Interest Rates Steady

Inflation - Interest Rates - Monetary Policy Committee - South African Reserve Bank

Find out how high interest rates in South Africa are affecting the economy! #SouthAfrica #InterestRates

South Africa's central bank recently announced that it will maintain its key interest rate at 8.25%, marking the seventh consecutive meeting without a change. This decision comes amidst concerns about the impact of high interest rates on the economy and consumers. The South African rand remained stable ahead of the rate decision, reflecting the anticipation surrounding the Reserve Bank's announcement.

The cost of living in South Africa has soared due to interest rates reaching 15-year highs. Many South Africans with home loans and car repayments are feeling the financial strain of these elevated rates. Despite calls for a rate cut, the South African Reserve Bank opted to keep the repo rate at 8.25%, indicating a cautious approach to monetary policy.

While the majority of the monetary policy committee members agreed on maintaining the status quo, two members pushed for a rate cut. This dissent highlights the ongoing debate within the central bank regarding the appropriate stance on interest rates. The Reserve Bank's decision to hold rates steady has disappointed those hoping for relief from the financial burden imposed by high borrowing costs.

Looking ahead, the South African Reserve Bank projects that inflation will re...

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Image courtesy of "Reuters India"

South African central bank holds key rate but some members ready ... (Reuters India)

South Africa's central bank kept its main interest rate unchanged for a seventh meeting in a row at 8.25% on Thursday, but for the first time since ...

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Image courtesy of "CNBCAfrica.com"

South African rand little changed ahead of rate decision (CNBCAfrica.com)

JOHANNESBURG, July 18 (Reuters) – South Africa's rand was little changed on Thursday, ahead of an interest rate decision by the South African Reserve Bank ...

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Image courtesy of "BusinessTech"

The R70,000 cost of high interest rates in South Africa (BusinessTech)

Interest rates at 15-year highs have made living more expensive for South Africans, especially those with home loans and car repayments, costing them an ...

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Image courtesy of "Moneyweb.co.za"

Repo rate remains at 8.25% (Moneyweb.co.za)

The South African Reserve Bank (Sarb) kept its repurchase rate (repo rate) at 8.25% on Thursday, meaning the benchmark rate has been at this level for more ...

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Image courtesy of "News24"

Interest rates unchanged - but two MPC members wanted a cut (News24)

As expected, the SA Reserve Bank's monetary policy committee (MPC) left interest rates unchanged at the highest level in 15 years.

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Image courtesy of "IOL"

A blow to South Africans hoping for some respite as Sarb keeps ... (IOL)

There were no surprises on Thursday as the Reserve Bank decided to keep the interest rate unchanged.

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Image courtesy of "Business Day"

Bank holds repo rate steady in split decision, but September cut now ... (Business Day)

Reserve Bank expects inflation to return to the midpoint of its 3%-6% target band in the last quarter of 2024.

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Image courtesy of "Independent Online"

SA Reserve Bank keeps elevated interest rates on hold (Independent Online)

This means that the prime lending rate in the country will remain at 11. 75%.

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Image courtesy of "FAnews"

Why the South African Reserve Bank should cut interest rates now (FAnews)

In light of the mounting financial pressures on South African consumers, there is an urgent need for the immediate interest rate cut by the South African ...

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Image courtesy of "CNBCAfrica.com"

South Africa central bank keeps main interest rate unchanged at ... (CNBCAfrica.com)

Monetary policy has remained tight in Africa's most industrialised economy as the South African Reserve Bank tries to steer inflation back towards the midpoint ...

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Image courtesy of "News24"

Interest rate relief: Should the MPC wait for the Fed? (News24)

While the Monetary Policy Committee now sees inflation cooling faster than expected, and a third of its members pushed for an interest rate cut, ...

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Image courtesy of "BusinessTech"

Good news for interest rates in South Africa (BusinessTech)

SARB governor Lesetja Kganyago announced the monetary policy committee's (MPC's) decision on Thursday (18 July), with the central bank voting to hold rates at ...

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