{"id":57339,"date":"2023-11-30T16:37:23","date_gmt":"2023-11-30T16:37:23","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-interest-rates-in-south-africa"},"modified":"2023-11-30T17:43:26","modified_gmt":"2023-11-30T17:43:26","slug":"good-news-for-interest-rates-in-south-africa","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-interest-rates-in-south-africa","title":{"rendered":"Good news for interest rates in South Africa"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>Traders brought forward their bets for South Africa\u2019s first interest rate cut to March 2024 after the amount of money flowing into the economy and loans to the private sector recorded their weakest growth in almost two years.<\/p>\n

Growth in money supply and private credit extension rose less than expected at 6% and 3.9% in October, respectively, from a year earlier.<\/p>\n

The median estimate in a Bloomberg survey was for growth of 7.1% and 4.3%, respectively.<\/p>\n

Forward-rate agreements used to speculate on borrowing costs show traders are now pricing in a 25-basis-point rate cut in March, which is sooner than most economists expect.<\/p>\n

Before the data release, those bets had been for a rate cut in May.<\/p>\n

The slowdown in both indicators may be signaling strain in households and corporates\u2019 finances from higher interest rates.<\/p>\n

Prior to holding borrowing costs in July and at two subsequent meetings, the central bank\u2019s monetary policy committee raised interest rates by a cumulative 475 basis points since November 2021 to tame inflation.<\/p>\n

Governor Lesetja Kganyago said last week that with rates at 8.25%, the policy is restrictive, consistent with the inflation outlook and elevated inflation expectations.<\/p>\n

\u201cSerious upside risks to the inflation outlook remain,\u201d he said, and the MPC stands ready to act should risks begin to materialise.<\/p>\n

Price pressures have been above the midpoint of the bank\u2019s 3% to 6% inflation target range, where the MPC prefers to anchor expectations for more than two years.<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. Traders brought forward their bets for South Africa\u2019s first interest rate cut to March 2024 after the amount of money flowing into the economy and loans to the private sector recorded their weakest growth in almost two years. Growth in money supply and private credit extension rose less than expected at 6% […]<\/p>\n","protected":false},"author":84,"featured_media":57337,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[274,315,275],"class_list":["post-57339","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-south-africa","tag-south-africa-2"],"yoast_head":"\nGood news for interest rates in South Africa - South Africa<\/title>\n<meta name=\"description\" content=\"Traders brought forward their bets for South Africa\u2019s first interest rate cut to March 2024 after the amount of money fl ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-interest-rates-in-south-africa\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Good news for interest rates in South Africa\" \/>\n<meta property=\"og:description\" content=\"Traders brought forward their bets for South Africa\u2019s first interest rate cut to March 2024 after the amount of money fl ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-interest-rates-in-south-africa\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-30T16:37:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-30T17:43:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/11\/sm_1701353523.454842.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-interest-rates-in-south-africa#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-interest-rates-in-south-africa\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Good news for interest rates in South Africa\",\"datePublished\":\"2023-11-30T16:37:23+00:00\",\"dateModified\":\"2023-11-30T17:43:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-interest-rates-in-south-africa\"},\"wordCount\":255,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-interest-rates-in-south-africa#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/11\/sm_1701353523.454842.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-interest-rates-in-south-africa#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-interest-rates-in-south-africa\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-interest-rates-in-south-africa\",\"name\":\"Good news for interest rates in South Africa - South Africa\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-interest-rates-in-south-africa#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-interest-rates-in-south-africa#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/11\/sm_1701353523.454842.jpg\",\"datePublished\":\"2023-11-30T16:37:23+00:00\",\"dateModified\":\"2023-11-30T17:43:26+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Traders brought forward their bets for South Africa\u2019s first interest rate cut to March 2024 after the amount of money fl ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-interest-rates-in-south-africa#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-interest-rates-in-south-africa\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-interest-rates-in-south-africa#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/11\/sm_1701353523.454842.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/11\/sm_1701353523.454842.jpg\",\"width\":1024,\"height\":683,\"caption\":\"Good news for interest rates in South Africa\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-interest-rates-in-south-africa#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/south-africa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Good news for interest rates in South Africa\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#website\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/\",\"name\":\"South Africa\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/south-africa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Good news for interest rates in South Africa - South Africa","description":"Traders brought forward their bets for South Africa\u2019s first interest rate cut to March 2024 after the amount of money fl ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-interest-rates-in-south-africa","og_locale":"en_US","og_type":"article","og_title":"Good news for interest rates in South Africa","og_description":"Traders brought forward their bets for South Africa\u2019s first interest rate cut to March 2024 after the amount of money fl ...","og_url":"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-interest-rates-in-south-africa","og_site_name":"South Africa","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2023-11-30T16:37:23+00:00","article_modified_time":"2023-11-30T17:43:26+00:00","og_image":[{"width":1024,"height":683,"url":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/11\/sm_1701353523.454842.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-interest-rates-in-south-africa#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-interest-rates-in-south-africa"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Good news for interest rates in South Africa","datePublished":"2023-11-30T16:37:23+00:00","dateModified":"2023-11-30T17:43:26+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-interest-rates-in-south-africa"},"wordCount":255,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-interest-rates-in-south-africa#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/11\/sm_1701353523.454842.jpg","keywords":["Africa Press","Africa Press-South-Africa","South-Africa"],"articleSection":["all news","economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-interest-rates-in-south-africa#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-interest-rates-in-south-africa","url":"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-interest-rates-in-south-africa","name":"Good news for interest rates in South Africa - South Africa","isPartOf":{"@id":"https:\/\/www.africa-press.net\/south-africa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-interest-rates-in-south-africa#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-interest-rates-in-south-africa#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/11\/sm_1701353523.454842.jpg","datePublished":"2023-11-30T16:37:23+00:00","dateModified":"2023-11-30T17:43:26+00:00","author":{"@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Traders brought forward their bets for South Africa\u2019s first interest rate cut to March 2024 after the amount of money fl ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-interest-rates-in-south-africa#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-interest-rates-in-south-africa"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-interest-rates-in-south-africa#primaryimage","url":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/11\/sm_1701353523.454842.jpg","contentUrl":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/11\/sm_1701353523.454842.jpg","width":1024,"height":683,"caption":"Good news for interest rates in South Africa"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/good-news-for-interest-rates-in-south-africa#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/south-africa\/"},{"@type":"ListItem","position":2,"name":"Good news for interest rates in South Africa"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/south-africa\/#website","url":"https:\/\/www.africa-press.net\/south-africa\/","name":"South Africa","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/south-africa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/posts\/57339","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/comments?post=57339"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/posts\/57339\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/media\/57337"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/media?parent=57339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/categories?post=57339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/tags?post=57339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}