Repo rate cut to 7.50%: SARB moves to ease financial pressure
The South African Reserve Bank has reduced the repo rate by 25 basis points to 7.50%, which is in line with expectations as inflation continues to decline. This decision, supported by four out of six members of the Monetary Policy Committee (MPC), reflects a December inflation rate of 3.0%, well below the 4.5% target. The move is aimed at stimulating economic growth and easing financial pressures on consumers. Independent Economic […]