Rate Cuts 2024 South Africa Rate Cuts. Central bank chief says inflation is proving more persistent; Nedbank has joined a chorus of other industry experts in forecasting 50 basis points of rate cuts for south africa in 2024.
South africa’s reserve bank will leave its repo rate on hold this week but cut rates by 25 basis points to 8.00% in september as inflation cools, a reuters poll found on monday,. “ (the sarb) will view the cpi inflation rate above 5.0%.