Reserve Bank serves up its first repo rate cut since 2020

Reserve Bank serves up its first repo rate cut since 2020

Reserve Bank governor Lesetja Kganyago announced on Thursday afternoon that the central bank’s monetary policy committee (MPC) had opted for a repo rate cut of 25 basis points to 8%

Reserve Bank cuts repo rate to 8% – The Mail & 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, supported by a stronger rand. The reduction, the first one of more than four years, leaves the benchmark repo rate at 8%.With reduced interest rates, South African consumers can expect lower repayments on home loans, credit cards and other debt, while new homeowners can expect monthly payment…

Discussion | Interest Rates | Reserve Bank cuts Repo Rate

Discussion | Interest Rates | Reserve Bank cuts Repo Rate Sandile Zikhali Thu, 09/19/2024 - 21:40 JOHANNESBURG - Some relief for South Africans as the Reserve Bank finally announces the much-needed interest rate cuts.It's cut the repo rate by 25 basis points as predicted by many economists.READ: South Africans get relief thanks to repo rate cutThe repo Rate currently is now 8 percent, and the prime lending rate 11,5%.The cut is the first time …

Reserve bank announces repo rate cut!

Reserve Bank Governor Lesetja Kganyago said the MPC’s decision was influenced by several factors

GOOD WELCOMES RESERVE BANK INTEREST RATE CUT

GOOD statement by Brett Herron,GOOD Secretary-General & Member of the Western Cape Provincial Parliament19 September 2024The GOOD party welcomes the SA Reserve Bank’s (SARB) interest rate cut of 0.25% announced today.South Africans, who are deeply indebted, have experienced years of increased and high interest rates and this first cut, in about 4 years, will bring some relief to consumers struggling with high debt levels and high interest rates.…