Reserve bank unanimously decides to cut the repo rate
/ 16 January 2020

Reserve bank unanimously decides to cut the repo rate

The South African Reserve Bank’s monetary policy committee has unanimously decided to reduce the repo rate by 25 basis points, to 6.25%. This is the rate at which the bank lends money to other banks, which then lend it to people for things such as mortgages. The central bank revised the forecasted GDP growth for […]