SARB cuts in face of recession

The South African Reserve Bank (SARB) has cut interest rates by 100 basis points to 7.5% as Africa's leading economy enters it first recession in over a decade.

The central bank's monetary policy committee noted that the cut was "expected to contribute to an improved inflation outlook, notwithstanding some current inflation inertia."

Annual consumer-price inflation only fell from 8.5% in March 2009 to 8.4% - still well above the central bank's 3-6% inflation target - in April, despite the cou

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 indvidual account here: