Rate Cuts 2024 South Africa. Boost for interest rate cuts in south africa. The south african reserve bank (sarb) started hiking interest rates in november 2021 and has increased rates by 475 basis points.
The uk property market is showing signs of life following the general election and the bank of england’s first interest rate cut in more than four years, but the jobs market has yet to. South africa’s central bank, the sarb, has hinted at the possibility of no rate cuts in 2024 due to slower disinflation pace than anticipated.