In Not Following the Fed, the BOE Is Set to Be One of the Herd
The Bank of England is set to join a growing number of central banks that are pressing ahead with cuts to their key interest ...
Slow pace of rate cuts perpetuating debt trap that millions of South Africans find themselves in
SARB Governor Lesetja Kganyago on Thursday announced that the central bank will cut the repo rate by 25 basis points, meaning ...
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SARB Cuts Repo Rate by 25 Basis Points Amid Inflation Stability and Global Uncertainty
Key Decision & Economic Outlook Announcing the decision on Thursday, SARB Governor Lesetja Kganyago stated that four out of ...
News244d
Meet the new SU Chancellor
Lesetja Kganyago, Governor of the South African Reserve Bank (SARB), was unanimously elected to the office of Chancellor of Stellenbosch University (SU) on Friday (24 January). This follows the end of ...
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MPC raises concerns about fluctuating global environment
Governor Lesetja Kganyago agreed that this uncertainty may present material risks. Kganyago on Thursday afternoon announced a repo rate cut of 25 basis points to 7.5%. However, two members of the ...
Independent Online5d
Reserve Bank cuts interest rates by 0.25% bringing much-needed relief to South Africans
In September the Reserve Bank Governor, Lesetja Kganyago cut the repo rate by 25bps and again in November he cut the interest rate by another 25bsp. There was hope that the Kganyago and the MPC ...
EWN Sport4d
MPC decreases repo rate by 25 basis points to 7.5%
However, all members expressed concerns about the uncertain global outlook. Reserve Bank Governor Lesetja Kganyago made the announcement during a briefing in Johannesburg on Thursday. "The risks ...
CNBC Africa4d
South African central bank governor’s comments on rate decision
Governor of the South African Reserve Bank, Lesetja Kganyago, gestures during an interview with Reuters in Centurion, South Africa April 3, 2024 REUTERS/James Oatway/File Photo PRETORIA ...
SA Reserve Bank cuts interest rates by 0.25%
This comes after the central bank’s Monetary Policy Committee (MPC) voted for a 25BPS cut today, which translates to a 0. 25% cut in the repurchase rate (repo rate).
Plan for South Africa to kiss cash goodbye
South Africa’s government has drawn up a lofty plan to develop a free digital payment platform for residents to reduce cash ...
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Reserve Bank’s third rate cut in a row: What it means going forward
Reserve Bank Governor Lesetja Kganyago has announced a 25-basis-point rate cut for South Africa, lowering the prime lending rate to 11%—the third consecutive reduction by the Central Bank. This move ...
News245d
Interest rates cut by 25 basis points, even as two MPC members argued against decrease
Four members of the MPC voted for a 25-basis-point cut, while two did not want to cut rates. Reserve Bank Governor Lesetja Kganyago said all of the members were concerned about the global environment.