SA Reserve Bank cuts repo rate to 3.5% - an all-time low


65 days ago

The South African Reserve Bank (Sarb) Monetary Policy Committee (MPC) has cut the repo rate by 25 basis points, announced Governor Lesetja Kganyago on Thursday.

The repo rate is now at 3.5%, an all-time low.

The usually conservative MPC has shaved 300 basis points off the repo rate so far this year.

(This is a breaking news story. For more detail, listen to Bruce Whitfield’s The Money Show from 6pm.)

This article first appeared on CapeTalk : SA Reserve Bank cuts repo rate to 3.5% - an all-time low

Recommended

by NEWSROOM AI

Recently heard on air

Josh Groban - You Raise Me Up

LISTEN TO 947 LIVE
ON AIR 947 Weekend with Greg NOW PLAYING Josh Groban - You Raise Me Up
LISTENING TO
Recently played