Economists expect a series of interest rate cuts from the South African Reserve Bank starting from today.
Investec Chief Economist Annabel Bishop says she expects the bank to cut rates by a minimum of 25 basis points.
Rates remain at their highest level in 15 years with the repo currently at 8.25% and prime lending at 11.75%.
Data from Stats SA this weeks Stats SA data showed that consumer price inflation (CPI) fell further from 4.6% in July to 4.4% in August 2024.
Bishop says this puts the index below the banks 4.5% mid-point target, creating room for the bank to loosen its monetary policy in a low growth environment.
