Rate Cuts 2024 South Africa 2024. The south african reserve bank's monetary policy committee voted unanimously to cut its main interest rate by 25 basis points to 8 per cent, the first cut in. 19 september 2024, 09:52 [sast] 2 minutes.

The south african reserve bank’s monetary policy committee voted unanimously to cut its main interest rate by 25 basis points to 8 per cent, the first cut in. Alexforbes argued that the decline in inflation would allow the bank to cut the repo rate by 75 basis points (bps) by july 2024.