SA Reserve Bank cuts the repo rate by 25 basis points to 8%: Lesetja Kganyago

The South African Reserve Bank has cut the repo rate by 25 basis points to eight percent - the first cut since the Covid-19 global economic fallout four and a half years ago. Reserve Bank Governor Lesetja Kganyago confirmed the decision following its Monetary Policy Committee meeting in Pretoria. The widely expected move aligns with expectations from most economists and market watchers. For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.