Interest Rates 2024 South Africa Forecast. The inflation rate fell from 5.3% in january to 2.9% in november while the repo rate was cut by 50 basis points to 7.75%. In july 2024, cpi hit 4.6%, and a month later, it fell to 4.4%.

At the january 2024 mpc meeting, the sarb is expected to confirm its projections for easing inflation and its willingness to ease interest rates once inflation is close to the midpoint of the. Leaders pose for a photo at the g20 in rio de janeiro 2024 on november 19.