Reserve Bank plays it safe with another 25 basis point cut

The Reserve Bank cut interest rates by 25 basis points as expected, saying it continued to see inflation stabilising near the midpoint of the target range but cautioned the outlook was highly uncertain — pointing to higher electricity prices, difficult global conditions and a weaker rand as upside risks to its inflation forecast.

The cut, which takes the benchmark repo rate down to 7.75%, was the second since the Bank began cutting rates at its September meeting for the first time since it began to hike interest rates in November 2021...

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