{"orderId":13,"Body":"The South African Reserve Bank (SARB) has announced a further cut in the repo rate of 50 basis points, reducing the banks' prime lending rate from 7.75% to 7.25%. \n\nThe decision follows the three-day meeting of the Sarb's Monetary Policy Committee.\n\nReserve Bank Governor Lesetja Kganyago announced that the Reserve Bank will be cutting interest rates by 50 basis points, taking the repo rate to 3.75% per annum. \n\nAt the last emergency MPC announcement in April, Sarb cut interest rates by 100 basis points, to help the country's economy due to the impact of the Covid-19 pandemic.","Category":"Adrienne Hersch News","url":"interest-rates-slashed-by-50-basis-points","Images":[{"id":"attKcIlxzQN20SVur","url":"https://dl.airtable.com/.attachments/dbb9e7caba5c38f7d37bd5b4c4138a7e/0d0576d0/1b53cff364f54b3_t_w_640_h_480.jpg","filename":"1b53cff364f54b3_t_w_640_h_480.jpg","size":18430,"type":"image/jpeg","thumbnails":{"small":{"url":"https://dl.airtable.com/.attachmentThumbnails/fb9546241ad5368e679b0d1c78f01ee6/0ddbc574","width":52,"height":36},"large":{"url":"https://dl.airtable.com/.attachmentThumbnails/01e15e1d4d9034f7fdb39ba779dedfe2/f6a8ddea","width":612,"height":426},"full":{"url":"https://dl.airtable.com/.attachmentThumbnails/c56789ead1fad13d2e3635cec1944267/180b91bc","width":3000,"height":3000}}}],"Author":"Adrienne Hersch Media Team","Title":"Interest rates slashed by 50 basis points","id":"recsp5CPBaSNysv90","table":"News"}