SARB cuts repo rate by 25 basis points to 7.00%

Business Watch
01/08/2025 1 min
SARB cuts repo rate by 25 basis points to 7.00%

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Episode Synopsis

Here's your latest ECR Business Watch report with WR van der Merwe. Governor of the South African Reserve Bank, Lesetja Kganyago, announced that the repo rate has been reduced by 25 basis points, bringing it down from 7.25% to 7.00%, following the unanimous decision of the July Monetary Policy Committee (MPC) meeting.

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