By 3-2 Vote, South African Central Bank Officials Cut Repo Rate by 25 Basis Points

The fifth cut of the South African Reserve Bank repo rate this year brings the total drop of 2020 to 300 basis points. A released statement expects one more 25-bp reduction to be made around the final quarter of the year.  The projected contraction of real GDP was revised a touch higher to 7.3%. “economic […]

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