Interest Rate 2024 South Africa. The monitory policy committee (mpc) of the south african reserve bank (sarb) briefed the media on its decision regarding the interest rate, leaving it unchanged at 8.25%. Last updated 2nd october 2024
In a significant policy shift, the federal reserve cut interest rates by 50 basis points in september 2024, marking the first rate reduction in four years. Standard bank expects the reserve bank to cut interest rates twice before the end of 2024 due to the positivity.