Tag: Repo Rate
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Interest Rate Announcement 23 November 2023: What to Expect
The South African Reserve Bank (SARB) will announce its decision on the repo rate on Thursday, 23 November 2023. This is the final interest rate announcement for 2023 and consumers will be hoping that SARB Governor, Lesetja Kganyago, will offer some relief in the form of a rate cut. However, economists are not optimistic about...
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Economists Predict Another Interest Rate Hike For South Africa In Nov 2023
Economists from Bank of America (BofA) are saying that in November 2023, South Africa is likely to experience another prime interest rate hike by a small amount (25 basis points). The South African Reserve Bank kept the repo rate steady at 8.25% during its September 2023 meeting, as anticipated, but emphasized that the fight against...