Rate Cuts 2024 South African Government. South africa needs to sustain a low inflation rate to justify a change in the central bank’s monetary policy stance, governor lesetja kganyago said. Increased to 5.50% and september 2022 to 6.25%, maintaining a stable market where buyer demand and affordability were still relatively aligned.
Most experts predict that the south african reserve bank will keep interest rates unchanged at 8.25% this week, with a potential rate cut later in 2024. South african inflation expectations for the next two years edged closer to the 4.5% midpoint of the central bank’s target range, reinforcing the case.