South Africa: Reserve Bank cuts repo rate by 25 basis points to 6.75%
128 views · Published 21 July 2017 · 1:21 · Indexed 20 September 2026
Channel: CGTN Africa · 2017 · News & Politics
South Africa's rand has recovered some of its losses following a surprise interest rate cut by the central bank on Thursday. The Reserve Bank cut the repo rate by 25 basis points to 6.75%. It however lowered the 2017 growth forecast from 1% to 0.5% . Inflation though is projected to remain below the upper end of the 3-6% target range over the next three years, as food prices and electricity prices moderate, and oil prices decline Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY Follow us on: Facebook: https://www.facebook.com/cgtnafrica/ Twitter: https://twitter.com/cgtnafrica
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