Politics

WATCH | SARB governor Lesetja Kganyago announces decision of MPC on interest rates

South African Reserve Bank governor Lesetja Kganyago is on Thursday announcing the decision of the monetary policy committee on interest rates.

September 19, 2024.Reserve Bank Governor Lesetja Kganyago presents the MPC announcement of Repo rates cut at the Reserve Bank office at Centurion in Pretoria.Picture: Freddy Mavunda © Business Day
September 19, 2024.Reserve Bank Governor Lesetja Kganyago presents the MPC announcement of Repo rates cut at the Reserve Bank office at Centurion in Pretoria.Picture: Freddy Mavunda © Business Day (Freddy Mavunda)

South African Reserve Bank governor Lesetja Kganyago is on Thursday announcing the decision of the monetary policy committee on interest rates.

Economists said they anticipated rates would be cut by 25 basis points. This comes as inflation cooled to 2.8% in October, from 3.8% in September.

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