# South African central bank plays it safe with 25 bps cut

> The South African Reserve Bank cut its benchmark rate by 25 basis points to 7.75%, and the decision was unanimous with no discussion of a larger 50 basis point cut. Governor Lesetja Kganyago told reporters the bank is watching price pressures from food and other items.

- Date: 2024-11-21 · published 2024-11-21T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/27709-south-african-central-bank-plays-it-safe-with-25-bps-cut
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A cautious easing cycle leaves real rates high, which supports the rand and lowers the local cost of imported feed inputs. Persistent food inflation argues against faster cuts.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/world/africa/south-africas-repo-rate-cut-by-25-basis-points-expected-2024-11-21/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.