Reserve Bank governor Lesetja Kganyago. Picture: REUTERS
Reserve Bank governor Lesetja Kganyago. Picture: REUTERS

Analysts had expected the SA Reserve Bank to keep interest rates unchanged, but governor Lesetja Kganyago cut the repo rate by 25 basis points, arguably to trigger some sort of growth.

Econometrix economist Azar Jammine, PwC chief economist Lullu Krugel and AFRA Constultants economist Sifiso Skenjana joined Business Day TV to discuss the Bank’s decision.

South Africa's Reserve Bank has reduced the repo rate by 25 basis points to 6.25%, citing lower inflation forecasts and an improved risk profile. Business Day TV unpacked the decision with Azar Jammine, Chief Economist at Econometrix, Lullu Krugel, Chief Economist at PWC and Sifiso Skenjana, Economist at AFRA Consultants.

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