SARB cuts repo rate by 25 basis points
Zuko Komisa Image | @SAReserveBank /X The South African Reserve Bank's (SARB) Monetary Policy Committee (MPC) has voted to cut the repo rate by 25 basis points, effective January 31, 2025.The SARB also expects GDP growth to reach 2.0% by 2027, despite poor mining and manufacturing sectors that remain below Covid-19 levels. In South Africa, the outlook for US Monetary Policy rate decreases appears limited in the face of escalating […]