repo rate cut

Economist Raymond Parsons said the South African Reserve Bank (SARB) Monetary Policy Committee made the right decision by resuming its interest rate-easing cycle. On Thursday, the committee announced a 25-basis point reduction in interest rates. As a result, the prime lending rate drops to 10.75 percent and the repo rate to 7.25 percent. Parsons emphasized that even a small interest rate cut at this stage can positively influence the tone […]