Rate Cuts 2024 South African Economy. While interest rates locally have been increasing since 2021, by a total of 475 basis points, inflation is eventually looking good and is expected to return to the mid. Experts predict interest rate cuts in late 2024.
Economists see the personal consumption expenditures price index rising just 0.1% in august for the second time in three months. The south african reserve bank (sarb) is expected to cut interest rates in september, which could boost several asset classes.