NEWFLASH: Repo rate falls by 50 basis points
The South African Reserve Bank's monetary policy committee has cut the repo rate by 50 basis points, Reserve Bank governor Gill Marcus announced on Thursday afternoon. The repo rate now stands at 5.5%, with prime at only 9%.
Reader notice: Our comments service provider, Civil Comments, has stopped operating and will terminate services on 20th Dec 2017. As a result, we will be searching for another platform for our readers. We aim to have this done with the launch of our new site in early 2018 and apologise for the inconvenience.