SARB to Reduce Interest Rates Amid Declining Inflation, Influenced by US Fed
The South African Reserve Bank (SARB) is expected to cut interest rates following positive inflation data and the US Federal Reserve's recent aggressive rate reduction. Economists predict a cautious 25 basis point cut. Recent data shows inflation cooled to 4.4% in August, the lowest since April 2021, making it the first SARB rate cut in four years, easing consumer burdens.
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