Business and Technology

SA Reserve Bank governor announces interest rate decision

The South African Reserve Bank will announce its interest rate decision on Thursday. Its been almost eight-years since the bank cut interest rates by 50 basis points or half a percent.

South African Reserve Bank

SARB has been called to cut the interest rate aggressively. The media briefing will take place virtually, as per President Cyril Ramaphosa’s announcement to limit public engagements in order to mitigate the spread of COVID-19.

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Source: eNCA

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