News

South Africa, Cuts Main and Repo Rate

South Africa's central bank cuts key rate, will aim for bottom of target band
South Africa's central bank cut its key interest rate by 25 basis points to 7.00% on Thursday and said it would now aim for the bottom of its inflation target range.
Cost of South African government borrowing falls as Reserve Bank targets lower inflation
South Africa's government borrowing costs dropped to their lowest in five years after the Reserve Bank announced on Thursday it would lower its inflation goal despite the finance minister not yet signing off on a formal change of target.
South African Reserve Bank Cuts Main Repo Rate to 7%
The central bank cut its main repo rate by a quarter percentage point as inflation remains low in the midst of continuing global uncertainty.
Mozambique central bank cuts key rate by another 75 basis points
Mozambique's central bank cut its benchmark interest rate by 75 basis points to 10.25% on Thursday, saying it expects inflation to remain in single digits over the medium term.
South African central bank lowers inflation goal without minister's sign-off
By Kopano Gumbi, Sfundo Parakozov and Alexander Winning PRETORIA (Reuters) -South Africa's central bank said on Thursday it would now aim for 3% inflation, not 4.5%, despite the finance minister not yet signing off on a formal target change,
South African Central Bank Cuts Rates on Eve of Trump’s Tariffs
South Africa’s central bank lowered borrowing costs on the eve of a new US tariff regime that’s expected to weigh on the country’s already faltering economy.

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