South Africa cuts by 100 basis points

The South African Reserve Bank chopped 100 basis points off its key rate for the second month in a row on Tuesday.

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: