insert_link Business / Economics US Fed cuts interest rate for third time in 2024 The US Federal Reserve has reduced interest rates by another quarter of a percent, its third consecutive cut of 2024. However, the central bank has signaled just two cuts in the coming year. Nick Harper reports from Washington. todayDecember 19, 2024 11
insert_link South Africa EFF has welcomed the consumer price inflation figures released by Statistics South Africa In S.A, the EFF has welcomed the consumer price inflation figures released by Statistics South Africa, indicating a further decline from 4.4-percent in August to 3.8-percent in September. This marks the lowest inflation rate since March 2021. The EFF’s, Leigh-Ann Mathys, says this confirms the inflationary pressures faced by the country are not demand-driven, but a result of economic and global challenges that require a different monetary policy approach: Meanwhile, […] todayOctober 24, 2024 27
insert_link Local Letshego Holdings Namibia Announces Reduction in Lending Rates In response to the recent decrease in prime lending rates, Letshego Bank Namibia and Letshego Micro Financial Services Namibia, subsidiaries of Letshego Holdings Namibia, have announced a reduction in their lending rates. The new rates will take effect from 22 August 2024. Letshego Bank • Prime rates reduce from 11,5% to 11,25% • Home loan rates reduce from 12,5% to 12,25% Letshego Micro Financial Services Namibia • The […] todayAugust 23, 2024 85