News24 | Bank of America now expects SA interest rate cut as early as September
![News24 | Bank of America now expects SA interest rate cut as early as September](https://cdn.24.co.za/files/Cms/General/d/11676/bd2f97d9ea8546508f33174a081bb6c0.jpg)
Bank of America (BofA) Securities says it now expects the SA Reserve Bank to lower rates before the Fed, starting in September with a cut that could be as as much as 50 basis points.