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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. ┬áThe rate now stands at 4.25%. Kganyago said the uncertainties of Covid-19 have led to extremely high volatility in financial asset prices, […]

todayApril 14, 2020 18