First Take SA

SARB set to announce latest interest rate decision


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The South African Reserve Bank is set to announce its latest interest rate decision today, with market expectations pointing to a 25-basis-point cut. This comes on the heels of easing inflation, which has slipped below the midpoint of the bank's target range. If confirmed, this would mark the second rate cut in the current cycle, following a similar 25-basis-point reduction in September. As the country waits with bated breath for the official announcement, Elvis Presslin spoke to Frank Blackmore, Lead Economist at KPMG South Africa, to analyze the potential implications of this decision and what it might mean for the economy

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