JOHANNESBURG, Jan. 30 (Xinhua) -- The South African Reserve Bank (SARB), the country's central bank, on Thursday announced its decision to reduce the repurchase rate by 25 basis points, bringing the repo rate to 7.5 percent and the prime lending rate to 11 percent.
SARB Governor Lesetja Kganyago, speaking during the question-and-answer session at a media briefing, said that while inflation was at 3 percent and remained within the central bank's 3 to 6 percent target range, the global economy remains uncertain, with risks abounding due to several factors.
