Interest rate cut

2024 - 9 - 19

Interest Rate Cuts: The Financial Lifeboat You've Been Waiting For!

interest rate debt relief - global economy - housing market - interest rates - South Africa - US Federal Reserve - interest rate

Big news: Interest rates are dropping for the first time since 2020! Are you ready to ride the financial wave?

In a shocking turn of events that has left many South Africans cheering, the South African Reserve Bank has finally initiated its first interest rate cut since 2020! This news comes as a breath of fresh air for South Africans wrestling with debt, as the Reserve Bank's Monetary Policy Committee decided to lower interest rates by 25 basis points. It’s a significant relief for homeowners with mortgages and those with other loans, who can potentially expect lower monthly repayment amounts coming their way. Whether you're juggling personal loans or just trying to keep your finances afloat, this cut signals a new era of hope!

But wait – South Africa isn’t the only country making headlines with interest rate changes. Just across the ocean, the US Federal Reserve also made a bold move by slashing interest rates by 50 basis points in their latest FOMC meeting. This is their first cut since March 2020, and it reflects a desire to bolster the economy as inflation rates start moving closer to the target of 2%. Can you feel the excitement brewing as these financial giants embark on their monetary maneuvers?

As debt holders breathe a sigh of relief, it's important to note that financial changes can take time to ripple through the system. Consumers might not see the immediate benefits of the rate cuts on their mortgage or car loans, since it typically takes a bit longer for these changes to filter down to your monthly bills. However, the longer-term implications of the cuts could mean more people diving into the housing market and spending on other big-ticket items, giving the economy a much-needed boost in these trying times. So get your calculators ready and prepare to strategize your financial future!

Speaking of strategies, did you know that the last time the South African Reserve Bank adjusted interest rates before this cut was due to rising inflation and the global economic downturn? Fast forward to today, and the decision by both the South African and US reserve banks shows a keen awareness of the evolving economic landscape. Plus, here's a fun fact: historically, lower interest rates can lead to an increase in consumer spending, which typically spurs business growth. So when life gives you lowered interest rates, consider it time to invest in your dreams!

Post cover
Image courtesy of "TechCentral"

Interest rates cut for the first time since 2020 - TechCentral (TechCentral)

The South African Reserve Bank cut its main interest rate for the first time in more than four years on Thursday.

Post cover
Image courtesy of "Smile 90.4FM"

Interest Rates have been cut, more relief on the way (Smile 90.4FM)

South Africans who are deep in debt can breathe a sigh of relief as the South African Reserve Bank has finally started cutting interest rates..

Post cover
Image courtesy of "Syfe"

US Fed makes big interest rate cut. What does this mean to you? (Syfe)

The Fed made a significant move interest rate by 50 basis points (bps) in the FOMC September —the first rate cut since March 2020.

Post cover
Image courtesy of "Suid-Kaap Forum"

First interest rate cut in over 2 years (Suid-Kaap Forum)

BUSINESS NEWS - To the relief of all debt holders, the Monetary Policy Committee (MPC) announced today that interest rates will drop by 0.25%, bringing the ...

Post cover
Image courtesy of "BizNews"

The Economist: Why the federal reserve has gambled on a big ... (BizNews)

It reflects confidence in controlling inflation, now near its 2% target, but rising concerns about the labor market.

Post cover
Image courtesy of "IFA Magazine"

Starting with a bang: PIMCO's Wilding and Boxer share analysis ... (IFA Magazine)

Following its September meeting, the U.S. Federal Reserve announced its first interest rate cut since 2020 – and did it with a bang.

Post cover
Image courtesy of "Benefits and Pensions Monitor"

Federal Reserve cuts interest rates, signalling shift in economic ... (Benefits and Pensions Monitor)

Fed reduces rates by half a point, aiming to support the job market as inflation shows signs of easing.

Post cover
Image courtesy of "News24"

Interest rates cut by 25 basis points (News24)

As expected, the SA Reserve Bank's monetary policy committee lowered interest rates by 25 basis points – despite a jumbo cut of 50 basis points in the US ...

Post cover
Image courtesy of "Forbes"

Forbes Daily: Fed Opts To Get Aggressive With Interest Rate Cut (Forbes)

Thursday's edition of Forbes Daily covers markets react to rate cuts, X moves to Texas, LinkedIn AI training, WNBA expanding to Portland, ...

Post cover
Image courtesy of "MarketWatch"

When the interest-rate cut will hit your mortgage, car loan, credit ... (MarketWatch)

The Fed's interest-rate cuts will soften the prices consumers pay for debt — but people may not see an impact on their payments for a while.

Post cover
Image courtesy of "Mossel Bay Advertiser"

First interest rate cut in over 2 years (Mossel Bay Advertiser)

BUSINESS NEWS - To the relief of all debt holders, the Monetary Policy Committee (MPC) announced today that interest rates will drop by 0.25%, bringing the ...

Post cover
Image courtesy of "The Guardian"

Interest rates 'on path down' despite hold at 5%, Bank of England ... (The Guardian)

Bank voted on Thursday not to change borrowing costs – but Andrew Bailey says cuts likely to resume.

Post cover
Image courtesy of "Knysna-Plett Herald"

First interest rate cut in over 2 years (Knysna-Plett Herald)

BUSINESS NEWS - To the relief of all debt holders, the Monetary Policy Committee (MPC) announced today that interest rates will drop by 0.25%, bringing the ...

Post cover
Image courtesy of "The Guardian"

Wall Street hits all-time highs after Federal Reserve's interest rate cut (The Guardian)

S&P 500 climbs 1.7% for highest close since July, while Dow Jones and Nasdaq also welcome rises.

Post cover
Image courtesy of "The Banker"

Markets rise on Fed interest rate cut; UK banks face increased FCA ... (The Banker)

UK banks face increased FCA scrutiny on fair deposit rates.

Post cover
Image courtesy of "CBS News"

Stocks surge a day after Federal Reserve's first interest rate cut ... (CBS News)

Lower interest rates help financial markets in two big ways. They ease the brakes off the economy by making it cheaper for U.S. households and businesses to ...

Post cover
Image courtesy of "Daily Maverick"

Interest rate cut to bring welcome relief to indebted consumers (Daily Maverick)

The rate cut in South Africa was widely expected given that the US Fed cut its rate by 50bps and plans two further rate cuts of 25bps each.

Post cover
Image courtesy of "Harvard Gazette"

Consumers to see benefits of Fed rate cut, but how much and when ... (Harvard Gazette)

The Federal Reserve moved Wednesday to lower the cost of borrowing by cutting a key interest rate by a larger than expected half percentage point, ...

Post cover
Image courtesy of "TimesLIVE"

Fedusa, Build One SA welcome first interest rate cut in four years (TimesLIVE)

The Federation of Unions of South Africa (Fedusa) said the 25-basis point cut in the repo rate will have a positive effect on workers and households already ...

Post cover
Image courtesy of "Freight News"

SARB cuts interest rate (Freight News)

The South African Reserve Bank (SARB) has finally cut interest rates on the back of cooling inflation following the still tight stance of other central ...

Post cover
Image courtesy of "ABC News"

Will the Federal Reserve cut interest rates again this year? (ABC News)

The Fed delivered a large interest rate cut this week. Will they do it again?

Post cover
Image courtesy of "JP Morgan"

How Interest Rate Cuts Impact Multifamily Real Estate (JP Morgan)

The Fed indicated it will continue to decrease interest rates, but the timing and pace of rate decreases will depend on multiple factors, including inflation ...

Post cover
Image courtesy of "Independent Online"

Homeowners urged to pay at pre-interest rate cut levels, to reduce ... (Independent Online)

The South African Reserve Bank has cut the interest rate which means that homeowners will save on their monthly home loan repayments.

Post cover
Image courtesy of "CNNMoney"

If you own a home or hope to buy one soon, what does the Fed's ... (CNNMoney)

Over the past few years, elevated mortgage rates and sky-high housing prices have contributed to a lack of home affordability.

Post cover
Image courtesy of "NBC News"

A consumer financial guide on what to do as the Fed rate cut takes ... (NBC News)

The Federal Reserve's decision Wednesday to lower its key interest rate by half a percentage point brought some clarity to the country's top financial ...

Post cover
Image courtesy of "World Economic Forum"

US Fed cuts interest rates and other economics news to read (World Economic Forum)

Top economy news: US Fed cut interest rates; Bank of England holds rates steady; Wholesale inflation in India falls.

Post cover
Image courtesy of "JP Morgan"

Rate Cut Breakdown: What You Need to Know Now | J.P. Morgan (JP Morgan)

While the interest rate cut matters for deposit and savings accounts, short-term certificates of deposit and money market yields, bond markets were already ...

Post cover
Image courtesy of "Finance Monthly"

How will the U.S. Interest rates cut affect you? (Finance Monthly)

The cut brings the federal funds rate to a range between 4.5% and 4.75%, the lowest it has been in two years. Their goal with this cut is to stimulate the US ...

Explore the last week