Further cut in interest rates is another valuable mitigating step

Géna Thompson -- Fri, 22/05/2020 - 12:52

Further cut in interest rates is another valuable mitigating step

The Monetary Policy Committee (MPC) cut the repo rate by another 50 basis points on 21 May. Prof Raymond Parsons, well-known economist and academic from the NWU Business School, says this underscores the South African Reserve Bank’s (SARB) resolve to provide the necessary monetary support in light of the economic impact of the prolonged Covid-19 lockdown.

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