Lower repo rate is bad for markets for now, says Chris Harmse
African News Agency | 24.11.2025 12:00
The Monetary Policy Committee (MPC), during its press conference last Thursday on its latest repo rate decision, decided to lower the repo rate with 25 basis points from 7.00% to 6.75% with immediate effect. In return banks lowered their prime rate by 0.25% to 10.25%. This is the second cut for 2025, bringing the repo rate down by 50 basis points in total.
