💨 Abstract

On Thursday, the South African Reserve Bank (SARB) is expected to reduce the benchmark interest rate by 25 basis points to 7% amidst economic uncertainty due to potential US trade tariffs. The cut aims to stimulate growth in South Africa's struggling economy and mitigate the impact of possible tariffs, which could reduce GDP growth by 0.6% and increase inflation. Governor Lesetja Kganyago will announce the decision at 15:00.

Courtesy: Garrin Lambley