Reserve Bank cuts repo rate by 25bps to 6.5%
The Bank also slashed its GDP growth forecast for the year from 1% to 0.6% while inflation is expected to average 4.4% for 2019
18 July 2019 - 15:16
The Reserve Bank has cut the repo rate by 25 basis points (bps), in line with expectations, which will come as a relief for SA’s constrained consumers.
Out of 22 economists polled by Bloomberg, 17 expected a rate cut of 25bps, one expected a cut of 50bps and four expected the Bank to keep rates unchanged...
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