Interest Rate Cuts 2024 South Africa News. The sa reserve bank will likely lower interest rates by 25 basis points (bps) on thursday,. The south african reserve bank (sarb) lowered the repo rate by 25 basis points to 8.00%, as predicted by economists polled by reuters.
South africa’s central bank cut its main interest rate by 25 basis. Increased to 5.50% and september 2022 to 6.25%, maintaining a stable market where buyer demand and affordability were still relatively aligned.