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Podcast: What THEY don't want you to know about money! WTDWYTKAM with GERALD MWANDIAMBIRA
Episode: GERALD MONEY TALKS S1 E9: Surprise Interest Rate Cut! Is this good or bad?
Description: The Monetary Policy Committee (MPC) of the South African Reserve Bank decided to cut the repo rate by 100 basis points.
This takes the repo rate to 4.25% per annum, meaning South Africans will be paying less on their debt.
The MPC meeting for May was moved forward to Tuesday.
Last month, the central bank cut the repo rate by 100 basis points to 5.25%, citing a fragile domestic economic outlook, with the economy expected to contract this year and therefore it needed a boost. What gives???? I discuss options..