WATCH: Can the rate cut stimulate growth?
Peter Attard Montalto from Intellidex talks to Business Day TV about the Reserve Bank’s 25 basis point rate cut
The SA Reserve Bank cut rates, as expected, on Thursday, the first cut in more than a year.
The Bank’s monetary policy committee decided to cut rates by 25 basis points to 6.5%, citing weak economic growth and inflation that has stayed close to the midpoint of its 3%-6% target range. ..