Rate Cuts 2024 South African Government. The south african reserve bank will cut its repo rate next week as slowing inflation continues to make way for a series of cuts through the middle of next year, spurring growth to almost 2%, a. With softer oil prices, moderating food prices, and a.

Nedbank has joined a chorus of other industry experts in forecasting 50 basis points of rate cuts for south africa in 2024. The south african reserve bank (sarb) is widely expected to cut interest rates in south africa this month, which could be good news for the rand.