SARB
Further relief for the agriculture sector after the SARB’s surprise repo rate cut of 100 basis points
Comment by Paul Makube, Senior Agricultural Economist at FNB Agri-Business In a surprise move earlier today (14/4/20), the South African Reserve Bank (SARB) cut its repurchase rate by 100 basis points to 4,25% which brought the prime lending rate to 7,75% effective from 15 April 2020. With growth expectations[...]
Rate cut to boost agriculture
A rate cut, downside inflation outlook and supportive rand boost agriculture rebound By Paul Makube, Senior Agricultural economist at FNB Agri-Business In the midst of a recessionary domestic economy, favourable inflation outlook and lower oil prices, the South African Reserve Bank (SARB) got room to cut interest rates by[...]