Interest Rate Prediction South Africa 2024. The south african reserve bank’s (sarb’s) monetary policy committee (mpc) voted to keep interest rates on hold last thursday in what was their first meeting of 2024. South african markets the south african rand jumped on friday, after comments by federal reserve chair jerome powell signalled an interest rate cut next month.
South africa’s central bank kept its main interest rate unchanged on wednesday, saying its policy stance still needs to be restrictive to address elevated inflation expectations. South africa’s real interest rate is at the highest level in 18 years, meaning the central bank may consider lowering borrowing costs by 50 basis points at least once this year.
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