SARB finally announces rate cut
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.
Reserve Bank cuts repo rate by 25 basis points thanks to diminished risks
Overindebted consumers breathed a sigh of relief as the Reserve Bank decided to but the repo rate after 16 months of no change.
SA economy under strain as MPC opts for modest repo-rate cut
The MPC cut South Africa's repo rate by 25 basis points to 8%, citing inflation risks, geopolitical uncertainty, and weak
SARB Announces 25 Basis Points Interest Rate Chop, South Africans Not Happy
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.
South Africa's central bank cuts repo rate by 25 basis points
The South African Reserve Bank (SARB), the country's central bank, said Thursday that it has decided to cut the repurchase rate by 25 basis points to 8 percent, effective from Friday.
SARB called out for being ‘conservative’ in first rate cut since Covid-19
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,
SARB's MPC announces first repo rate cut in 4 years
The central bank’s Monetary Policy Committee has decided to cut the repo rate by 25 basis points, which will take effect from Friday.
SARB joins easing club with 25 basis point rate cut
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.
SARB ‘likely’ to cut repo rate by 25 basis points
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.
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South Africa's central bank lowered its benchmark interest rate by 25 basis points to 8%, marking the first rate cut in over ...