SARB cuts repo rate by 100 basis points
In an effort to ease financial conditions in the wake of Covid-19, the South African Reserve Bank (sarb) has taken a unanimous decision to cut the repo rate by 100 basis points, with effect from 15 April 2020. This was revealed by Governor Lesetja Kganyago on Tuesday morning. The rate now stands at 4.25%. Kganyago said the uncertainties of Covid-19 have led to extremely high volatility in financial asset prices, […]
