Mail & Guardian
Mail & Guardian
repo rate cut 2024latest news & developments
Reserve Bank governor Lesetja Kganyago announced on Thursday that the monetary policy committee had increased the repo rate by 25 basis points to 7%, effective from 29 May.
BUSINESS

Reserve Bank cuts interest rates by a conservative 25 basis points

This comes as inflation cooled to 2.8% in October, below the Reserve Bank’s 3% to 6% target band

  • Anathi Madubela
3 min read