
SARB cuts interest rates by 25 points.
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GUEST – James Turp, Head of Investment Strategy and Portfolio Manager at Sanlam Investments
South African Reserve Bank (Sarb) governor Lesetja Kganyago announced a 25 basis point cut to the benchmark repo rate on Thursday, lowering it to 7.25% following the Monetary Policy Committee (MPC) meeting.
South African Reserve Bank (Sarb) governor Lesetja Kganyago announced a 25 basis point cut to the benchmark repo rate on Thursday, lowering it to 7.25% following the Monetary Policy Committee (MPC) meeting.