💨 Abstract

The South African Reserve Bank has lowered the repo rate by 25 basis points, bringing it to 7.5%. Economists warn that the rate-cutting cycle may only continue until mid-2025, and advise South Africans to manage their finances carefully due to global economic uncertainties and potential inflation increases. The lower interest rate may provide temporary relief to consumers, but higher electricity costs are expected to offset these savings.

Courtesy: www.thesouthafrican.com

Summarized by Einstein Beta 🤖