💨 Abstract

The South African Reserve Bank (SARB) reduced its benchmark interest rate by 25 basis points to 7% amidst economic uncertainties, particularly concerns over impending US trade tariffs. This move, approved unanimously by the Monetary Policy Committee, aims to stimulate growth. The rate cut could significantly impact various sectors, potentially leading to job losses and economic strain, amid fears of a 0.6% reduction in GDP and a 0.4%

Courtesy: Garrin Lambley