# No interest rate cut, but Reserve Bank more positive on cooling inflation | News24

> The South African Reserve Bank kept its benchmark rate unchanged at 8.25%, a 15-year high, in a unanimous decision on May 30. Annual CPI cooled to 5.2% in April, and the SARB now expects inflation to reach its 4.5% midpoint sooner.

- Date: 2024-05-30 · published 2024-05-30T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/30555-no-interest-rate-cut-but-reserve-bank-more-positive-on-cooling-inflation-news24
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A steady rate with easing inflation supports the rand's stability, but holding rates high keeps credit costs elevated for South African feed and livestock operators.

## Sources

- news24.com: https://www.news24.com/business/economy/no-interest-rate-cut-but-reserve-bank-more-positive-on-cooling-inflation-20240530

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