SARB called out for being ‘conservative’ in first rate cut since Covid-19
THE South African Reserve Bank (SARB) has been called out for being “too conservative” after opting for the lowest cut in the cost of borrowing to offer some relief to consumers.As expected, the SARB yesterday cut its repurchase rate (repo rate) by 25 basis points to 8% a year,
Experts react to SARB's 0.25% interest rate cut and its impact
Experts are sharing insights on the South African Reserve Bank's recent decision to lower the interest rate by 0.25 percentage points, a move expected to significantly impact consumers, businesses, and the overall economy.
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.
SARB finally announces rate cut
Governor Lesetja Kganyago today announced a cut in the repurchase rate (repo rate) for the country. Kganyago said the central bank is cutting the repo rate by 25 basis points (BPS), meaning rates will come down by 0.
SARB cuts interest rate by 25 bps
Breaking News! The SARB's Monetary Policy Committee has unanimously decided to reduce the policy rate by 25 basis points to 8% per annum, resulting in a new prime rate of 11.50%.
South Africa Is First Country to Lower Rates After Fed Cut
SARB cut its main benchmark rate by a quarter percentage point to 8%.
SARB's MPC announces first repo rate cut in 4 years
The central bank’s Monetary Policy Committee has decided to cut the repo rate by 25 basis points, which will take effect from Friday.
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.
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.
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.
USD/ZAR: Rand levels to watch as SARB starts rate cuts
The South African rand surged to its highest point since July after the Federal Reserve started cutting interest rates and as the country’s central bank prepares for its cut. The USD/ZAR exchange rate dropped to a low of 17.
Property industry says SARB’s first rate cut in four years a positive for consumers’ financial well-being
Toni Anderson, head of Standard Bank Home Services, said a bond worth R1 million would see a saving of R208 per month, or ...
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WATCH: Sarb announces September repo rate decision
This evening we look at market developments with Anchor Capital, speak to Remgro and Discovery about their respective ...
Stock Market Today: Dow finishes above 42,000 for first time in history after Fed's big rate cut
S&P 500 futures are up 1.2%. Dow Jones Industrial Average futures are advancing 0.7%. Nasdaq 100 futures are jumping 1.8%. On Wednesday, the Dow Jones Industrial Average fell 103 points, or 0.25%, to ...
How can foreigners own SARB with no seat for blacks at the table?
How many South African blacks are among the 830 shareholders who own the bank? This statistic is important if South Africa ...