💨 Abstract

The South African Reserve Bank (SARB) has reduced the repo rate by 25 basis points, from 7.75% to 7.50%. This decision, made by the Monetary Policy Committee (MPC), will ease the financial burden on households by reducing monthly instalments for those repaying home and vehicle loans.

Courtesy: www.thesouthafrican.com

Summarized by Einstein Beta 🤖