Reserve Bank and governor Lesetja Kganyago
The South African Reserve Bank cut interest rates by 25 basis points on Thursday, saying it continued to see a dip in headline inflation in the near term, supported by a stronger rand. The reduction, the first one of more than four years, leaves the benchmark repo rate at 8%.
With reduced interest rates, South African consumers can expect lower repayments on home loans, credit cards and other debt, while new homeowners can expect monthly…
