Rate Cuts 2024 South Africa News. The european central bank, last week, had pruned its policy rate by 25 basis points to 3.50 per cent, close on the heels of a similar cut in june. The south african reserve bank (sarb) lowered the repo rate by 25 basis points to 8.00%, as predicted by economists polled by reuters.

Good news about south africa’s interest rates in 2024. The south african reserve bank will cut its repo rate by 25 basis points to 8.00% at its sept.