SARB cuts repo rate
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The Reserve Bank announced it has cut the Repo Rate by 25 basis points to 6.5 percent. SARB Governor Lesetja Kganyago attributed the cut to drop in inflation. The Bank has made it clear it wants to anchor inflation expectations at the midpoint of its target range of 3.% to 6%. On line is Senior Economist at Econometrix Dr Jammine Azar