Rate Cuts 2024 South African Government. The south african reserve bank has cut the interest rate by 25 basis points to 8% after the country’s headline inflation fell to its lowest levels in three years. The medium term budget policy statement (mtbps) had to put in place the policies needed.

And so far in 2024, inflows into global gold etfs have reached us$4.7bn. The south african reserve bank’s (sarb’s) monetary policy committee (mpc) will sit for its first meeting of 2024 at the end of january, with economists expecting the central.