Repo rate cut by 25 basis points
By Loushe Jordaan Gilbert The repo rate was lowered by 25 basis points to 7.5% by the Reserve Bank's monetary policy committee. Consequently, the prime loan rate will drop to 11%. The Reserve Bank claims that a steep drop in agricultural output was the primary cause of the economy's third-quarter contraction. Speaking on VOC Breakfast on Friday morning, Economist Dawie Roodt said there are suggestions this could be the last […]