Interest rate South Africa

2024 - 9 - 19

Hold onto Your Wallets: Interest Rate Cuts Incoming in South Africa! 🎉💸

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South Africa’s interest rates may take a dip this week as inflation falls and experts weigh in on potential rate cuts. Will your pocket enjoy a little extra wiggle room?

This week has been a rollercoaster for South African consumers, with chatter around potential interest rate cuts dropping like juicy gossip! Economists are expecting the South African Reserve Bank (SARB) to ease the chokehold on our wallets by cutting interest rates by 25 basis points during their meeting this Thursday. Why the optimism, you ask? Well, inflation has seen a surprising decline, recording its lowest levels since April 2021— a clear signal for the SARB to rethink its monetary policy and give South Africans a break.

Old Mutual has weighed in, pointing out that the economic environment is just right for this relief. With inflation tamed and consumer demand currently taking a nap, it seems the stars are aligning for an interest rate cut. Imagine having a little extra cash to play with after the hike in the repo rate left many feeling the pinch! It's kind of like finding an unexpected 50 bucks in an old pair of jeans— the kind of surprise South Africans could use right about now!

Consumer inflation has slow-stepped down to 4.4% this past August, further solidifying expectations that a cut is just around the bend. The Congress of South African Trade Unions (COSATU) is hopeful that the Reserve Bank acknowledges the need for a rate drop to offer much-needed economic relief. Experts have been weighing in, and while the majority lean towards a 25 basis point cut, the bold outlier, Gryphon Asset Management’s Abri du Plessis, predicts a heartier 50 basis point drop. A tense game of economic poker, it seems!

As South Africa sits on the edge of its collective seat, let’s consider some interesting nuggets of information: Inflation has dipped for three straight months, a trend we can only hope continues! Furthermore, if the SARB comes through with a cut, it could lead to more borrowing and spending, invigorating our economy. Whether it's a small slice of financial relief or a whole pie, here’s to hoping this Thursday's announcement doesn’t send us searching for that extra pair of jeans!

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Image courtesy of "BusinessTech"

Interest rate surprise for South Africa this week – what experts say (BusinessTech)

Economists and analysts widely expect the South African Reserve Bank (SARB) to cut interest rates by 25 basis points on Thursday (19 September), ...

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Image courtesy of "Reuters India"

South African inflation falls more than expected, sets stage for rate cut (Reuters India)

South Africa's inflation rate fell more than expected last month to its lowest since April 2021, data showed on Wednesday, reinforcing expectations that the ...

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Image courtesy of "Independent Online"

Interest rate relief expected this week after highest repo rate in 14 ... (Independent Online)

Old Mutual noted that with inflation under control and consumer demand remaining subdued, the environment seems ripe for a rate cut.

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Image courtesy of "Mail and Guardian"

Inflation dips to 4.4% in August, fuelling hopes for interest rate cut ... (Mail and Guardian)

Inflation slowed for a third consecutive month, to the lowest it has been since April 2021.

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Image courtesy of "COSATU – Congress of South African Trade Unions"

COSATU hoping for an interest rate cut on Thursday – COSATU (COSATU – Congress of South African Trade Unions)

The Congress of South African Trade Unions (COSATU) hopes the Reserve Bank will cut interest rates and provide the economy much needed relief when the ...

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Image courtesy of "IOL"

Inflation drops to 2021 levels, interest rate cut could be a done deal (IOL)

South Africans may not have to tighten their belts so hard this month, as an interest rate cut looks imminent after consumer inflation dropped for a third ...

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Image courtesy of "IOL"

Experts weigh in as South Africa expects an interest rate cut today (IOL)

A number of experts and economists have made prediction on whether the Reserve Bank will cut interest rates today.

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Image courtesy of "Moneyweb.co.za"

Rate cut: How low will it go? (Moneyweb.co.za)

The outlier in a Bloomberg survey of 22 economists is Gryphon Asset Management's Abri du Plessis, who predicts a cut of 50 basis points. While market pricing ...

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Image courtesy of "eNCA"

SARB expected to cut interest rates (eNCA)

JOHANNESBURG - JOHANNESBURG - Economists widely expect a interest rate cut from the Reserve Bank. It's been further entrenched by positive inflation numbers and ...

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Image courtesy of "Independent Online"

Could South Africa follow the lead of US's jumbo rate cut? (Independent Online)

All expectations are for a rate cut later today by the SA Reserve Bank. . . but will it be as high as the US delivered yesterday?

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Image courtesy of "BusinessTech"

What to expect for interest rates in South Africa after the Fed's 50 ... (BusinessTech)

Economists weigh in on what South Africans should expect after the US Fed cut rates by 50 basis points – triggering some calls for the same back home.

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Image courtesy of "Creamer Media's Engineering News"

South Africa seen sticking to modest rate cut despite Fed cut (Creamer Media's Engineering News)

The South African Reserve Bank (SARB) will likely lower interest rates by 25 basis points on Thursday, despite a larger-than-expected overnight move by the ...

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Image courtesy of "Reuters India"

South Africa central bank joins easing club with 25 basis point rate cut (Reuters India)

South Africa's central bank cut its main interest rate for the first time in more than four years on Thursday, as it said it saw inflation staying below the ...

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Image courtesy of "BusinessTech"

How much you'll save on your bond after the lastest interest rate cut ... (BusinessTech)

The Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) has reduced interest rates, leading to savings on bond repayments for South ...

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Image courtesy of "Moneyweb.co.za"

Economic relief for SA: Sarb announces 25bp rate cut (Moneyweb.co.za)

The South African Reserve Bank (Sarb) cut its repurchase rate (repo rate) by 25 basis points to 8% on Thursday, the first cut since the Covid-19 global ...

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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 ...

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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.

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Image courtesy of "BusinessTech"

How much you'll save on your bond after the latest interest rate cut in ... (BusinessTech)

The Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) has reduced interest rates, leading to savings on bond repayments for South ...

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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 ...

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Image courtesy of "Independent Online"

It's good, but not great: South Africa's first interest rate cut in four years (Independent Online)

The SA Reserve Bank cut the repo rate by 0. 25 basis points today, opening the way for more cuts to come.

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Image courtesy of "Mail and Guardian"

Reserve Bank cuts repo rate to 8% – The Mail & Guardian (Mail and Guardian)

The South African Reserve Bank cut interest rates by 25 basis points on Thursday, saying it continued to see a dip in headline inflation in the near term, ...

Government welcomes interest rate drop alongside improving ... (South African Government)

Government welcomes the decision by the Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) to lower the repo rate by 25 basis points, ...

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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.

Government welcomes interest rate drop alongside improving ... (Government Communication and Information System)

Government welcomes the decision by the Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) to lower the repo rate by 25 basis points, ...

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Image courtesy of "South African Government News Agency"

Government welcomes repo rate cut (South African Government News Agency)

Government has welcomed the announcement by the South African Reserve Bank to cut the repo rate by 25 basis points to 8%. The drop means the prime lending ...

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