The Take Off Chats To Xhanti Payi , Economist and founder of Nascence Advisory & Research

Economics 101| In the wake of the national disaster that South Africa finds itself in because of the coronavirus outbreak in the country and globally, the Monetary Policy Committee (MPC) of the South African Reserve Bank decided (SARB) to cut the repo rate by 100 basis points. 

This takes the repo rate to 4.25 percent per annum.

The move comes less than a month after the Sarb announced a 100 basis point cut at its last MPC meeting on March 19.

What does an Interest Rate Cut: What Does It Mean?

Guest: Xhanti Payi , Economist and founder of Nascence Advisory & Research