Reserve Bank signals second rate cut likely in 2020

The SA Reserve Bank signalled another interest rate cut in the fourth quarter of 2020 as its monetary policy committee confounded expectations and unanimously cut borrowing costs on Thursday.

The 25-basis-point cut, which takes the repo rate to 6.25%, comes as SA’s economy struggles to grow and inflation consistently surprises on the downside.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.

The Bank must be Nationalized finish and klaar.

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