Governor Lesetja Kganyago said the central bank would wait for the inflation rate to fall within its 3% to 6% target before it makes a cut
"Although offering consumers relief on interest payments, the cut is the product of stalled economic growth."
South African policy makers may decide that the time for talking is over, as they meet to decide on the first increase in borrowing costs in a year.
A range of crucial economic factors will have a bearing on the monetary policy committee’s decision to be announced on Thursday.
Reserve Bank Governor Gill Marcus says rising inflationary risks from a weaker rand and a slowing economy are limiting room to adjust interest rates.
Gill Marcus has stated that further easing on interest rates can’t be taken for granted, and are contingent on inflation and global conditions.
South African Reserve Bank governor Gill Marcus has announced a cut in the repo rate by 50 basis points to 5%.
The economy grew at its slowest pace in almost two years in the second quarter, boosting the case for rate cuts, but denting job creation hopes.
Evidence that South Africa’s economic growth is slowing is raising fears the government has done too little and acted too late to boost growth.
The Reserve Bank’s decision to cut interest rates will boost consumers — but before you overspend for Christmas, focus on reducing household debt.
South Africa’s Reserve Bank will "not necessarily" cut interest rates again next month and the decision will depend on the data the bank has.
The lowering of interest rates is designed to spur economic activity by making money cheaper and boosting consumer spending.
How you could have paid off your home in eight years by taking advantage of rate cuts.
The SA Reserve Bank is "likely" to cut the repo rate by 50 basis points at its monetary policy committee meeting on July 22, Standard Chartered said.
The Congress of South African Trade Unions voiced anger on Thursday over a surprise central bank decision to keep interest rates on hold.
The SA Reserve Bank is expected to continue its aggressive monetary easing, which should help bolster domestic demand, economists said on Friday.
Better-than-expected credit extension and factory-gate inflation data this morning point to a cut in interest rates.
Interest rate cuts are among the policy responses proposed to minimise the impact of the global financial downturn, it was reported on Wednesday.
Growth in demand by SA’s private sector slowed in January as household finances remained tight, adding weight to the argument for a rate reduction.
SA’s economic growth prospects are deteriorating and monetary stimulation is ”not a bad idea”, Reserve Bank Governor Tito Mboweni said on Thursday.
