MPC surprises with 100 basis points cut (Full Speech)

PUBLISHED: Thu, 19 Mar 2020 13:46:40 GMT


With rand has nosediving to a more than four-year low at R17.40 to the dollar and a looming global recession due to the impact of COVID-19. South African Reserve Bank (SARB) governor Lesetja Kganyago on Thursday announced that the Monetary Policy Committee (MPC) has decided to cut the repo rate by 100 basis points to 5.25 per cent….

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