S.Africa central bank cuts interest rate to 7.75 percent

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…

>

Leave a Comment