Monetary Policy Committee cuts interest rate by 25 basis points
Reserve Bank Governor Lesetja Kganyago addresses the Annual Ordinary General Meeting 1 minute The Monetary Policy Committee (MPC) has cut the interest rate by 25 basis points, with effect from tomorrow. As a result, the repo rate has been decreased to 7.25%. The prime lending rate is now 10.75%. South African Reserve Bank (SARB) Governor…
