Good news for interest rates as 2024 draws to a close
It is good news for business and consumers that the repo rate was unanimously reduced by 25 basis points (bps) on 21 November.
In commenting on the latest Monetary Policy Committee (MPC) statement to again reduce the repo rate by 25 basis points (bps), Prof Raymond Parsons, economist from the North-West University (NWU) Business School, says it was widely anticipated that the MPC would continue its cautious stance on easing monetary policy.