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Market & economic wrap: Interest rate cutting cycle starts in earnest - US Fed followed by SA Reserve Bank cut rates
In our latest Market and Economic Wrap, Trevor Garvin, Head of Multi-Management, dives into the recent interest rate cuts by the South African Reserve Bank (SARB) and the US Federal Reserve. The SARB has reduced South Africa's interest rates by 25 basis points, the first change since May 2023, aligning with lower inflation and global central bank trends. The US Fed's aggressive 50 basis point cut has also played a significant role. Trevor discusses the potential impacts on the rand, equity markets, and the broader economy, emphasising the importance of structural reforms and a stable fiscal footing for sustained growth.
