- South Africa’s central bank lowers the repo rate by 25 basis points to boost economic growth
- Sovereign Africa Ratings upgrades the country’s credit rating, citing improved stability
Johannesburg, South Africa – South Africa’s central bank reduced its benchmark interest rate for the first time in over a year, cutting the repo rate by 25 basis points to support economic recovery. The decision, effective January 31, 2025, comes as inflation remains contained and growth prospects improve.
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