South Africa’s Reserve Bank Cuts Interest Rate Amid Lower Inflation Outlook
All members of the Monetary Policy Committee supported the move, according to the report. This signals a firm stance toward achieving a lower inflation target.
The South African Reserve Bank (SARB) delivered a unanimous decision on Thursday to cut the repo rate by 25 basis points to 7.25%, Reuters has reported. All members of the Monetary Policy Committee supported the move, according to the report. This signals a firm stance toward achieving a lower inflation target.
The central bank also reportedly revised its inflation and economic growth forecasts downward for both 2025 and 2026, potentially reinforcing its cautious outlook and commitment to price stability in the face of shifting economic conditions.
