SA Reserve Bank expected to lower rates

JOHANNESBURG - Consumers may soon get some relief, as the South African Reserve Bank's Monetary Policy Committee is expected to announce its latest interest rate decision on Thursday.

A consensus among two economists is that the MPC will cut the repo rate by 25 basis points.

A welcome breather for consumers who just this month narrowly escaped a VAT hike.

eNCA's Moloko Moloto has more details in the video above.

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