Good news for interest rates in South Africa – what to expect:
[an extract from an article by: Staff Writer – BUSINESSTECH – 3 October 2024]
Following the 25 basis point cut to interest rates in September, economists anticipate another 125bp in cuts to land by the end of March 2026.
This makes expectations for the coming cutting cycle at least 25bp more than before, thanks to a wave of positive sentiment in both South Africa and in the US.
The next cut is expected at the November 2024 meeting—the Reserve Bank’s final meeting of the year…
The Original Full Article can be viewed here: → https://businesstech.co.za/news/finance/793528/good-news-for-interest-rates-in-south-africa-what-to-expect/