US Fed and SARB interest decisions loom in the next few days

STANLIB Podcasts
16/09/2024 5 min
US Fed and SARB interest decisions loom in the next few days

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Episode Synopsis

The US Federal Reserve will meet on Wednesday this week to discuss interest rates and the South African Reserve Bank (SARB) will meet on Thursday. Both central banks are expected to cut rates by 25 bps and signal further cuts in the rest of this year and 2025. The SARB is most likely to cut by only 25 bps, given its cautious approach to keeping inflation around 4.5% and withdrawals from pensions under the two-pot system.
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