Sarb almost didn’t cut interest rate (3 out of 7 members wanted it unchanged)

Reserve Bank Governor Lesetja Kganyago. Picture: Renart Toerien/EWN.

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

Click here (then “like” the page) to follow Bruce on Facebook.

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.

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Solutionist Thinking: In Conversation with Stacey Brewer

Solutionist Thinking: In Conversation with Stacey Brewer

A school with individual learning paths for each child, and no need for textbooks? SPARK Schools CEO Stacey Brewer joins Bruce Whitfield.

5 highlights from Pravin Gordhan’s state-owned company clean-up

5 highlights from Pravin Gordhan’s state-owned company clean-up

The Money Show’s Bruce Whitfield interviews Corruption Watch Executive Director David Lewis.

Transnet CEO Siyabonga Gama served with suspension notice

Transnet CEO Siyabonga Gama served with suspension notice

The Money Show’s Bruce Whitfield interviews Pieter du Toit, the assistant editor at News24.

We need to deracialise our thinking - Sandile Zungu (Black Business Council)

We need to deracialise our thinking - Sandile Zungu (Black Business Council)

The Money Show’s Bruce Whitfield interviews newly elected Black Business Council president Sandile Zungu.

To buy or not to buy? That is the question

To buy or not to buy? That is the question

The pros and cons of subscribing to versus buying digital content.

Rand nosedives as South Africa flirts with recession

Rand nosedives as South Africa flirts with recession

The Money Show’s Bruce Whitfield interviews George Glynos, Head of Research at ETM Analytics.

Popular articles
[WATCH] What a 'braai' baby!  - boy cries hysterically for a braai!

[WATCH] What a 'braai' baby! - boy cries hysterically for a braai!

Khabazela shares Facebook posts that have gone viral, including an emotional confrontation of a bully.

ANC Tshwane says the City's mayor knew of the looted R12 billion

ANC Tshwane says the City's mayor knew of the looted R12 billion

ANC Tshwane spokesperson Bafuze Yabo gives details of their planned action against the City of Tshwane.

Jacques Pauw: We need more evidence on the 'The Lost Boys of Bird Island' book

Jacques Pauw: We need more evidence on the 'The Lost Boys of Bird Island' book

Investigative journalist and author Jacques Pauw shares his thoughts on 'The Lost Boys of Bird Island' book.

[WATCH] Kid goes from 'be a fart machine at work' to 'I love you dad'

[WATCH] Kid goes from 'be a fart machine at work' to 'I love you dad'

Khabazela shares tweets & videos that have gone viral including a parrot that told firefighters the F-word during its rescue.

Private schooling for your kids (at a low price unheard of just a few years ago)

Private schooling for your kids (at a low price unheard of just a few years ago)

The Money Show’s Bruce Whitfield interviews SPARK Schools cofounder and CEO Stacey Brewer.

'Black Tax'... working hard, earning well, but struggling financially

'Black Tax'... working hard, earning well, but struggling financially

Young(ish) South Africans tell stories of the mixed emotions they feel when supporting family members, and tips from an advisor.