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This repo rate is lowest we have had so far - Economist

19 November 2020 4:57 PM
Tags:
Repo rate
Repo rate remains unchanged
Repo rate announcement
repo rate cut

Chief economist at Stanlib Kevin Lings says as it stands the repo rate of 3.5% is actually low.

The repo rate will remain unchanged at 3.5%.

South African Reserve Bank Governor Lesetja Kganyago made the announcement on Thursday afternoon.

In an emergency meeting in April, the bank cut the repo rate by 100 basis points, followed by a 50 basis point cut to 3.75% during its May meeting.

John Perlman speaks to Stanlib chief economist Kevin Lings.

It does feel at the moment that we are at the bottom of our interest rate circle but that doesn't mean there is a scope to cut further if the Reserve Bank feels its necessary.

Kevin Lings, Chief Economist - Stanlib

As it stands the repo rate of 3.5% is actually low, it is the lower we that we have had since we introduced the repo system.

Kevin Lings, Chief Economist - Stanlib

Listen to the full interview below...


19 November 2020 4:57 PM
Tags:
Repo rate
Repo rate remains unchanged
Repo rate announcement
repo rate cut

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