SA expected to continue easing after 100bps

The South African Reserve Bank acted in line with market expectations on Thursday by cutting 100 basis points off its main rate - a move which it is now forecast to repeat in May after the governor signalled the economy was in recession.

Analysts had been jittery after the decision was announced two-and-a-half hours before schedule. But the Reserve Bank stuck with the script in lowering the benchmark repurchase rate to 8.5%, its lowest level since October 2006.

South Africa's economy, the

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