Rate Cuts 2024 South African Government. Nedbank has joined a chorus of other industry experts in forecasting 50 basis points of rate cuts for south africa in 2024. The south african rand clawed back some losses on tuesday, after tumbling on monday, on rising expectations that the u.s.
The south african rand weakened against a stronger dollar on tuesday, after federal reserve chair jerome powell poured cold water on bets of more big interest. Federal reserve will soon cut.