Rate Cuts 2024 South Africa Pdf . Regarding activity, the sarb kept its 2024 gdp growth forecast unchanged at 1.1%, and upped its projections for both 2025 and 2026 by 0.1 percentage point to. As highlighted above, the sarb had hiked interest rates by 475 basis points over the last three years, meaning in 2009 the prime lending rate stood at 7%.
Regarding activity, the sarb kept its 2024 gdp growth forecast unchanged at 1.1%, and upped its projections for both 2025 and 2026 by 0.1 percentage point to. As highlighted above, the sarb had hiked interest rates by 475 basis points over the last three years, meaning in 2009 the prime lending rate stood at 7%.
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