Rate Cuts 2024 South Africa
Standard bank expects the reserve bank to cut interest rates twice before the end of 2024 due to the positivity surrounding the formation of the government of national unity (gnu). South africans may have to wait longer for interest rate cuts, with the south african reserve bank (sarb) likely to follow moves in the usa.
According to the bank, while forward rate agreement rates at the end of 2023 indicated that saโs policy rate would be lowered in the first half of 2024, this picture has. By exercising patience and prudence, the sarb can help steer south africa towards a path of balanced and sustainable growth.โ.
