South Africa makes 25bp cut
Central bank stays cautious but continues easing cycle amid slowing inflation
The South African Reserve Bank (Sarb) on November 21 reduced its policy rate by 25 basis points to 7.75%.
This was the second consecutive meeting in which the central bank’s monetary policy committee (MPC) opted to make a cut. The Sarb initiated its easing cycle in September with another 25bp reduction.
The decision was widely expected. All 20 of the economists polled by Bloomberg had forecast a 25bp cut.
In a statement, the MPC noted that inflation had dipped below the bank’s target of 3–6%. Year
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