# S.African Reserve Bank to kick off easing cycle early next year -economists

> A Reuters poll expects the South African Reserve Bank to hold its repo rate unchanged this year. The poll then expects the bank to begin cutting in early 2024, by 25 basis points each quarter, as inflation moves closer to target.

- Date: 2023-08-22 · published 2023-08-22T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/34886-s-african-reserve-bank-to-kick-off-easing-cycle-early-next-year-economists
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Expected future rate cuts are typically negative for the rand, which would raise dollar-priced import costs over time. The forecast is for 2024, so the near-term market impact is small.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/world/africa/safrican-reserve-bank-kick-off-easing-cycle-early-next-year-economists-2023-08-22/

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