Kganyago reduces cutting pace with rates at 47-year low
How much more aggressive can you be, asks governor as MPC knocks benchmark to 3.5%
The Reserve Bank extended relief for SA’s embattled consumers and businesses by cutting rates on Thursday, but cautioned that its approach to any future softening will be highly data-dependent.
The repo rate reduction, which was not a unanimous decision, brings the benchmark rate to 3.5%, making it the lowest policy rate implemented by the central bank in almost 47 years. It was accompanied by further downward revisions to its growth forecasts for the year...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.