The SA Reserve Bank has cut the repo rate by 100 basis points, or one percentage

[Vince MacMahon]

The SA Reserve Bank has cut the repo rate by 100 basis points, or one percentage point. This brings SA's repo rate to 4.25%.

Tuesday's announcement was the second major cut in less than a month, after the central bank cut the rate by one percentage point in mid-March.

"The May 2020 meeting of the MPC was moved earlier and took place today [Tuesday]," the bank said in a tweet.

https://www.fin24.com/Economy/South-Africa/just-in-reserve-bank-again-cuts-repo-rate-by-1-percentage-point-20200414

 

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