Interest Rate Cuts 2024 South African Banks. Against this backdrop, the south african reserve bank cut interest rates also for the first time in four years on thursday, by 0.25 percentage points to 8 per cent, from. South africa’s central bank cut interest rates for the first time in four years and signaled a more optimistic outlook for inflation.
Central banks in norway and sweden are also expected to hold rates at their meetings later in. There was good news for south africans in debt on thursday when the south african reserve bank’s (sarb’s) monetary policy committee (mpc) elected to cut the.