interest rates Archives - Voice of the Cape

Pietermaritzburg Economic Justice and Dignity Group expects lower food prices

By Rachel Mohamed The Pietermaritzburg Economic Justice and Dignity Group predicts food prices will drop after the Reserve Bank cuts 25 basis-point interest rates. Speaking on VOC Breakfast, the group’s programme coordinator, Mervyn Abrahams said improved power supply and lower fuel costs support this trend. He has however warned that drought in some provinces could impact certain prices. “Over the last few months, we have noted the cost reduction in […]

26 September 2024

Local

SARB expected to cut Interest rates amid lower inflation, says economist

By Ragheema Mclean Economists and analysts widely anticipate the South African Reserve Bank (SARB) will lower interest rates by 25 basis points this afternoon (19 September), but some believe a more significant cut could be possible. Recent data from Statistics South Africa shows inflation fell to 4.6% year-on-year in July, down from 5.1% in June. This marks the lowest inflation rate since April 2021. The drop is mainly attributed to […]

19 September 2024

News

Economists predicts interest rate cuts in next coming days

By Loushe Jordaan Gilbert The argument about whether the South African Reserve Bank (SARB) will cut rates has shifted to how much it will cut rates after consumer inflation dropped to its lowest level in three years last month. According to Stats SA, the annual inflation rate decreased to 4.6% in July from 5.1% in June. It is only ten basis points over the goal midway set by the central […]

22 August 2024

interest rates

Pietermaritzburg Economic Justice and Dignity Group expects lower food prices

SARB expected to cut Interest rates amid lower inflation, says economist

Economists predicts interest rate cuts in next coming days

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