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Sarb cuts the repo rate

South African Reserve Bank (Sarb) governor, Lesetja Kganyago, announced another 25-basis points repo rate cut

SARB'S MPC CUTS REPO RATE

The SA Reserve Bank's Monetary Policy Committee (MPC) has decided to reduce the repo rate by 25 basis points to 6.25% from 6.5% - a unanimous decision.

A SHORT REPRIEVE FOR CONSUMERS

Reserve Bank Governor Lesetja Kganyago announced today that the Monetary Policy Committee had decided to leave interest rates unchanged for now.
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