This takes the rate to 5.25% per annum, from 6.25%
South African Reserve Bank and US Federal Reserve policy meetings is foreseen to dominate the week, although neither is expected to change rates.
In a pilot project, six schools were chosen to set the repo rate for the monetary policy committee. Aneesa Fazel reports.
Gloomy comments from the reserve bank were the backdrop to a fall in bond yields and a volatile day for the rand, which ended down against the dollar.
The SA Reserve Bank cut the repo rate by 50 basis points, adding to 600 basis points of cuts in interest rates since December 2008.
