Lesetja kganyago
Repo rate to remain unchanged at 3.5%
Reserve Bank Governor Lesetja Kganyago made the announcement on Thursday after a meeting of the Monetary Policy Committee.
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Kganyago: SA’s inflation still in check as repo rate remains unchanged
Governor Lesetja Kganyago announced the decision of the monetary policy committee on Thursday afternoon, saying the country's economy had continued to recover despite a number of setbacks.
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Repo rate to remain unchanged at 3.5%
This come after the bank's Monetary Policy Committee cut the repo rate by 275 basis points last year to try and counter the effects of negative growth due to COVID-19.
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Moody’s, S&P Global expected to release ratings assessment on SA today
The South African Reserve Bank's monetary policy committee announced on Thursday that rates would remain unchanged while the economy shows some signs of picking up.
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Reserve Bank keeps repo rate unchanged at 3.5%
Prior to Thursday's announcement, the bank's Monetary Policy Committee had cut the repo rate by 275 basis points this year to try and counter the effects of negative growth due to COVID-19.
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WATCH: Will the Reserve Bank drop the repo rate on Thursday?
The bank has reduced the rate by 300 basis points so far this year, in an effort to promote growth amid an economy suffering under the effects of the COVID-19 lockdown.
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Kganyago: Inflation least of SA’s concerns over the next few months
He was speaking at the Cape Town Country Club on Wednesday where he said he won't be drawn on whether there will be any further rate cuts to further cushion South Africans from the devastating effects of COVID-19.
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Kganyago: Adding unemployment to Sarb’s mandate will hurt its credibility
The bank has long been under pressure to take more drastic measures to revive growth with calls for it to slash lending rates and finance government through quantitative easing.
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Kganyago: SA's economic woes bigger than monetary policy
The Reserve Bank has long been under pressure to take more drastic measures to revive growth in Africa’s most advanced economy, with calls for the bank to slash lending rates and finance government through quantitative easing.
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Reserve Bank cuts repo rate 25 basis points to 3.5%
The South African Reserve Bank Governor Lesetja Kganyago made the announcement on Thursday.
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Kganyago optimistic about SA’s economic growth post-COVID-19
The Sarb governor said the COVID-19 pandemic had had a devastating effect on growth, but the country could turn the situation around.
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Kganyago: MPC won’t hesitate to act if economy worsens
The central bank has announced an emergency repo rate cut of a hundred basis points to 4.25%.
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Repo rate reduction seen as good move for economy
Reserve Bank Governor Lesetja Kganyago announced a reduction in the repo rate of 100 basis points to 5.25%.
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Kganyago: Impact of coronavirus on SA economy hard to predict
The virus, which emerged in the Chinese city of Wuhan last year, has so far infected more than 73,000 people in China and 25 other countries and caused nearly 2,000 fatalities so far.
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Kganyago: Financial sector must be prepared for climate change-related problems
Reserve Governor Lesetja Kganyago is among global leaders in Davos at the World Economic Forum, which would discuss global warming and climate change as talking points.
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SA growth expectations declining despite repo rate drop - economist
Reserve Bank Governor Lesetja Kganyago announced on Thursday that the repo rate had been reduced by 25 basis points to 6.5%.
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IMF: SA needs a more decisive approach to turn its economy around
The IMF has now joined ratings agencies in expressing concern about the country's overall economic growth, citing immediate concerns.
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Repo rate to remain unchanged at 6.5%
The repo rate is the rate at which the central bank lends money to commercial banks.
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Repo rate to remain unchanged at 6.5%
The repo rate is the rate at which the central bank lends money to commercial banks.
