Reserve Bank cuts repo rate 50 basis points to 3.75%
This was the fourth meeting of the Bank’s monetary policy committee in 2020, after an emergency one was held in April
21 May 2020 - 15:11
The SA Reserve Bank cut interest rates by 50 basis points on Thursday, which is expected to bring further relief to SA’s battered economy, most of which is still under lockdown.
The cut takes the benchmark rate to 3.75%, its lowest level since the repo was introduced in 1998...
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