South Africa’s interest rate
Jun 05, 2020
2 minutes
COMPILED BY SUZAAN HALL
IN MAY, the South African Reserve Bank (Sarb) announced the third interest rate cut this year. The repo rate is now 3,75% – the lowest it’s been in 47 years. But what exactly is the repo rate and what does it mean if this rate is being reduced?
What does ‘repo rate’ mean? The repo rate is
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