21 Jul Reduced interest rates will NOT provide significant stimulus for economic growth

Reserve Bank Governor Lesetja Kganyogo has warned that the reduction in interest rates will not provide a significant stimulus for economic growth. Kganyago says it's unclear where the drivers of growth will come from in the absence of credible structural policy initiatives to reduce uncertainty. The bank reduced rates by 25 basis points, taking the repo rate to 6-point-75 percent. Tshepo Mongoai reports
Loading player...