Commentary from Luigi Marinus, Portfolio Manager at PPS Investments.
The South African Reserve Bank (SARB) has cut the repo rate by 25 basis points from 6.75% to 6.5% following the most recent rate cut in July 2017. The biggest contributing factors to the rate cut is the low inflation rate at 4.0% per annum as at the end of February coupled with Moody’s decision to maintain South Africa’s investment grade status and changing the outlook to ‘stable’. (more…)
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