South Africa's Central Bank Cuts Interest Rate and Its Implications for the Economy

South Africa's central bank has taken a bold step by cutting the repo rate by 25 basis points to 8.00%, marking the first interest rate reduction over four years. This significant move signals a shift towards easing monetary policy, influenced by a declining % inflation rate of 4.4% in August. In our discussion with Prof Waldo Krugell, an economist from North-West University, we unpack the implications of this decision. We investigate whether this cut is part of a global trend following the U.S. Federal Reserve's recent rate reduction, the risks looming over South Africa's economic outlook, and the key drivers behind this easing cycle. Prof Krugell also shares insights on how effective the rate cut will be in stimulating economic growth and what it might mean for future cuts.


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