MNI · 12h
SOUTH AFRICA: SARB Cuts Rates By 25bp, Starting Its Easing Cycle
The South African Reserve Bank (SARB) kicked off its easing cycle with an expected 25bp cut to the repo rate, refusing to mimic the Fed's 50bp cut from the day before. The decision came on the back of below-forecast inflation outturn released Wednesday.
Yahoo Finance · 1d
Rand Gains With SARB Poised For First Rate Cut in Four Years
The rand gained Thursday morning ahead of a South African Reserve Bank interest rate decision, where the central bank is expected to deliver its first cut since July 2020.Most Read from BloombergCalifornia’s Anti-Speeding Bill Can Be a Traffic Safety BreakthroughAOC Proposes $30 Billion Social Housing AuthorityNew York City’s Transit System Plans $65.
Moneyweb · 1d
Sarb announces 25bp rate cut
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 economic fallout four-and-a-half years ago. Central bank governor Lesetja Kganyago confirmed the decision following the Sarb’s September Monetary Policy Committee (MPC) meeting in Pretoria.
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