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South african reserve bank governor lesetja kganyago
Kganyago attributes repo rate cut to lower inflation figure
By Kgomotso Modise
The central bank has reduced the repo rate to 6.25%, dropping the prime lending rate to 9.75%.
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Kganyago announces repo rate cut to 6.25%
The decision follows this week's Monetary Policy Committee meeting.
31 days ago -
Room for repo rate cut in January, says economist
Reserve Bank Governor Lesetja Kganyago cited a number of concerns, including stagnant growth and other headwinds for keeping the repo rate unchanged at 6.5%.
87 days ago -
Bill to nationalise SA's central bank back in Parliament
The reintroduction of the bill comes at an awkward time for President Cyril Ramaphosa, who is on an investment drive to boost an ailing economy.
96 days ago -
Mboweni: Ratings agencies will understand SA's economic difficulties
Although economists have said the country would likely dodge a rating cut, concerns had been raised about whether this would remain the case following Mboweni’s bleak Medium-Term Budget Policy Statement (MTBPS).
109 days ago -
Sarb governor says will look to keep lending rates predictable
The country suffered a decline in the first-quarter economic growth of 3.2%, the worst in a decade, as power outages by state utility Eskom hit mining, manufacturing and retailers.
205 days ago -
Stronger rand, improved inflation outlook factors in repo rate cut
Those in debt have received some relief on Thursday afternoon with the South African Reserve Bank (Sarb) decreasing the repo to 6.5%.
213 days ago
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Repo rate cut to 6.5%
The repo rate is the rate at which the central bank lends money to commercial banks.
213 days ago
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