
South African Central Bank Cuts Rates on Eve of Trump's Tariffs
The monetary policy committee cut the benchmark interest rate by 25 basis points to 7%, the lowest since November 2022, Governor Lesetja Kganyago told reporters at a briefing north of Johannesburg on Thursday.
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Bloomberg
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Fed Rate-Cut Bets Set to Boost Indonesian Bonds More Than Peers
Indonesian bonds are likely to be the biggest beneficiary in Asia as growing expectations of Federal Reserve interest-rate cuts spur a cascade of gains across the region. Rupiah notes will fare well as they have the highest yields in Asia, with benchmark securities offering close to 6.5%. As one of the few central banks with currency stability as a key mandate, Bank Indonesia can take advantage of any dollar weakness to ease policy further without triggering a drop in the rupiah.