South Africa cuts by 100 basis points
The move, which was widely expected, leaves the repo rate at 9.5%, its lowest level since August 2007.
It comes after Tito Mboweni, the governor of the Reserve Bank, said last week that its Monetary Policy Committee would meet every month rather than bi-monthly. But Mboweni said on Tuesday that it would be wrong to expect cuts at every meeting
Razia Khan, the head of research for
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