Rand weakens as Bank cuts repo rate
SA Reserve Bank opts to cut the repo rate by 100 basis points
19 March 2020 - 15:24
The rand was weaker on Thursday afternoon as the SA Reserve Bank cut the repo rate by 100 basis points amid concern about the effect of coronavirus on economic growth.
Shortly after the announcement at 3.10pm, the rand had weakened 0.84% to R17.31314/$% and 1.01% to R20.0556/£ while it had firmed 0.64% to R18.6558...
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.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.