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
The Money Show’s Bruce Whitfield interviews Warren Ingram, Personal Financial Advisor and Executive Director at Galileo Capital.
The Money Show’s Bruce Whitfield interviews Prof Raymond Parsons (Economist at NWU Business School) and EWN's Alex Eliseev.
What music can do for the soul, podcasts can do for the mind.
Bruce Whitfield sat down with GT Ferreira, Laurie Dippenaar and Paul Harris, the inspirational founders of Rand Merchant Bank.
It's interesting to see which The Money Show articles were most widely read in 2018; a very tough year for the economy.
Review of “Friend of a Friend: Understanding the Hidden Networks That Can Transform Your Life and Your Career” by David Burkus.
In this episode of Africa State of Mind, Lee Kasumba chats to South African rapper Sho Madjozi about her upbringing, and rise to fame.
In the health feature, CEO of Proactive Health Solutions Dr Fundile Nyathi chats about some health issues the generally arise during the festive season.
Author Max de Preez weighs in on where SA would be if Jacob Zuma was still president and the impact of Ramaphosa now.
Khabazela shares tweets and Facebook posts that have gone viral.
Ray White interviews Pauli van Wyk, an investigative journalist with Scorpio at Daily Maverick.
Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.
Demi-Leigh Nel Peters had her cell phone stolen by armed men whilst stuck in traffic in Hyde Park.
The EFF lawyer stole the show during the state capture report court battle.