S.Africa central bank cuts interest rate to 7.75 percent …C0NTINUE READING HERE >>>
South Africa’s central bank on Thursday cut its benchmark interest rate by 25 basis points to 7.75 percent, adopting caution amid mixed data and global uncertainty.
It follows a fall in inflation in October to 2.8 percent, its lowest level since June 2020 during the Covid-19 pandemic.
Inflation appears well contained in the near term, South Africa’s Reserve Bank governor Lesetja Kganyago told reporters.
However it was “highly uncertain” in the medium term given the possibility of…
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