Governor Lesetja Kganyago today announced a cut in the repurchase rate (repo rate) for the country. Kganyago said the central bank is cutting the repo rate by 25 basis points (BPS), meaning rates will come down by 0.

“The Sarb [South African Reserve Bank] is likely to mirror this rate path, with cuts expected at the end of the month and continuing through next year. Projections suggest the repo rate will bottom out between 6.25% and 6.75%,” he said.

There are scenarios where inflation could undershoot the baseline focus, if oil prices are lower or the exchange rate appreciates further

Overindebted consumers breathed a sigh of relief as the Reserve Bank decided to but the repo rate after 16 months of no change.

The South African Reserve Bank Governor Lesetja Kganyago announced that the interest rates have been cut by 25 basis points to 8%, which did not impress many.

THE South African Reserve Bank (SARB) has been called out for being “too conservative” after opting for the lowest cut in the cost of borrowing to offer some relief to consumers.As expected, the SARB yesterday cut its repurchase rate (repo rate) by 25 basis points to 8% a year,

The central bank’s Monetary Policy Committee has decided to cut the repo rate by 25 basis points, which will take effect from Friday.

South Africa's central bank cut its main interest rate for the first time in more than four years on Thursday, as it said it saw inflation staying below the midpoint of its target range as far out as 2026.

Chief Economist at Econometrix Azar Jammine says the easing of consumer inflation is mainly due to the drop in the international oil price and the strengthening of the rand.