SARB MPC cuts repo rate by 50 points to 8%
Source: Business Day
The South African Reserve Bank's (SARB) Monetary Policy Committee (MPC) decided today to cut the repo rate by 50 basis points to 8.0%, SARB governor Tito Mboweni announced at the end of the two-day meeting.
This brought the total amount of rate cuts to 550 basis points since the first cut
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