Interest Rate 2024 South Africa. Decision to keep repo rate at 8.25% was unanimous; Standard bank expects the reserve bank to cut interest rates twice before the end of 2024 due to the positivity surrounding the formation of the.

Standard bank expects the reserve bank to cut interest rates twice before the end of 2024 due to the positivity surrounding the formation of the. If a 25 bps cut is announced, the repo rate will fall to 8% while the prime lending rate in the country will drop to 11.50%.