Reuters · 1d
South African rand holds firm after first rate cut in four years
The South African rand gained in early trade on Thursday after a super-sized interest rate cut by the U.S. Federal Reserve, and as local investors awaited a rate decision by the South African Reserve Bank (SARB) later in the day.
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.
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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