The repo rate will fall by 25 basis points, to 6.5%, on Thursday, 29 March.
South African Reserve Bank (Sarb) Governor Lesetja Kganyago made the announcement on Wednesday.
The prime lending rate, which is the interest rate charged by banks to most customers, is now at 10%.
The decision to cut interest rates was not an easy one; three out of seven Monetary Policy Committee members voted to keep the repo rate unchanged.
The Money Show’s Bruce Whitfield interviewed Nedbank economist Busisiwe Radebe.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
…there are still some risks out there…— Busisiwe Radebe, Nedbank
The Reserve Bank prefers inflation around the middle of the target [i.e. around 4.5%]…— Busisiwe Radebe, Nedbank
Further on in the year, you see an uptick in inflation…— Busisiwe Radebe, Nedbank
He’s trying to prime us for the risks about to come…— Busisiwe Radebe, Nedbank
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby NEWSROOM AI
Bruce Whitfield interviews John Oliphant, former Principal Executive Officer at the Government Employees Pension Fund.
Taxpayer? You may want to check this out. Bruce Whitfield interviews Pieter du Toit, Assistant Editor of In-depth News at News24.
A look at how our desire for spice changed the world and how it continues to do so.
The Money Show’s Bruce Whitfield interviews Rui Morais, CFO at Dis-Chem Pharmacies.
Testimonies at the Sars Inquiry has many South African taxpayers panicked. Bruce Whitfield interviews Sars' Mark Kingon.
The aim is to take profits away from criminals and to regulate a product that millions of Canadians consume illegally anyway.
Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.
The Money Show’s Bruce Whitfield interviews Madzonga, who claims innocence and that Chairperson Tshifhiwa Matodzi lied to him.
The Rosslyn plant makes 15 BMW X3 SUVs per hour for export around the world. Bruce Whitfield interviews BMW SA's, Tim Abbott.
Here we go again… The Money Show’s Bruce Whitfield interviews Africa Connected Host Lee Kasumba.
Recession? What recession? The Money Show’s Bruce Whitfield interviews Pick n Pay CEO, Richard Brasher.
Wits Institute For Social Economic Research research associate Lisa Vetten looks at how witnesses cope on the witness stand.
Discussions between Sanral, and the Ministers of Finance and Transport have apparently reached an advanced stage.
Hartbeespoort Community Development Initiative spokesperson Russel Baloyi talks about racism in the community.