Rate Cuts 2024 South Africa South Africa
Rate Cuts 2024 South Africa South Africa. Boost for interest rate cuts in south africa. According to the bank, while forward rate agreement rates at the end of 2023 indicated that sa’s policy rate would be lowered in the first half of 2024, this picture has now shifted to.
Interest rate cuts are expected to significantly impact the revenue and profits of south africa’s largest commercial banks. The south african reserve bank (sarb) started hiking interest rates in november 2021 and has increased rates by 475 basis points.
