Search

South Africa Cuts Interest Rates as Inflation Stabilises

Breaking News
© Allen Dreyfus
  • South Africa’s central bank lowers the repo rate by 25 basis points to boost economic growth
  • Sovereign Africa Ratings upgrades the country’s credit rating, citing improved stability

Johannesburg, South Africa – South Africa’s central bank reduced its benchmark interest rate for the first time in over a year, cutting the repo rate by 25 basis points to support economic recovery. The decision, effective January 31, 2025, comes as inflation remains contained and growth prospects improve.

You need an active subscription to continue reading this article.

Recent Business

edouard-tamba-bZnciM7XIYw-unsplash
Cameroon targets CFA 45bn capital outflow with new reinsurance reform bill
Read More »
Allen dreyfus Logo
IMF unlocks $32.8m for Burkina Faso as insecurity rattles mining sector
Read More »
yanick-folly-kWPNxQyAT6M-unsplash
Benin caps uptake in record bond auction to curb debt costs
Read More »

Recent Politics

Allen dreyfus Logo
Nigeria’s green bond oversubscribed as climate funding gains traction
Read More »
rupixen-nI--XptpMa8-unsplash
A Broken System, a Historic Chance: Inside the Fight to Rewrite Global Debt Rules
Read More »
Allen dreyfus Logo
Nigeria inflation slows again in May, raising rate cut prospects
Read More »

Latest Posts

Latest news insights