Reserve Bank governor Lesetja Kganyago
The South African Reserve Bank’s monetary policy committee (MPC) voted to cut interest rates by 25 basis points to 7.75% on Thursday, noting the recent slowdown in inflation but warning that the risk outlook required a cautious approach.
Reserve Bank governor Lesetja Kganyago said the decision was unanimous.
This also brings the prime lending rate — which is the rate commercial banks charge customers who need to borrow money — down by…
