The SA Reserve Bank’s monetary policy committee cut interest rates by a further 25 basis points on Thursday, extending relief for SA’s embattled consumers and businesses in the grip of the Covid-19 economic crisis.
The cut brings the benchmark rate to 3.5% — the lowest rate implemented by the Bank in almost 47 years — with cuts in 2020 now totalling 300 bps.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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