Rate Cuts 2024 South Africa. Many experts believe it will only happen in the second half of 2024. The us federal reserve’s recent decision to maintain interest rates likely pushes back south.
South africa’s economic growth outlook for 2024, at 1.0% y/y, is stronger than 2023’s likely 0.5% y/y outcome, with 2024 expected to see the start of an interest rate cutting cycle, as well as lower inflation on average, and improvements to infrastructure. A reuters poll found that the sarb will leave its repo rate unchanged on thursday, but cut rates by 25 basis points to 8.00% in september as inflation cools, earlier than a november move that was.