💨 Abstract

The South African Reserve Bank's Monetary Policy Committee reduced the repo rate by 25 basis points, lowering the prime lending rate to 10.75%. This decision was driven by lower inflation forecasts, a stronger exchange rate, and decreased world oil prices. Governor Lesetja Kganyago noted that while the current inflation outlook is favorable, there are risks due to global economic uncertainties. The GDP growth projection for 2025 is 1.2%,

Courtesy: Garrin Lambley