SARB announces repo rate cut by 25 basis points
Zuko Komisa Image | @SAReservebank /X In a unanimous vote, the Monetary Policy Committee (MPC) of the South African Reserve Bank has agreed to lower the repo rate by 25 basis points, from 8% to 7.75%, effective Friday. Following a meeting of the bank's MPC, Reserve Bank Governor Lesetja Kganyago announced the second straight reduction in the repo rate. Kganyago's declaration follows Statistics South Africa's declaration that inflation has dropped […]