SARB Governor Lesetja Kganyago on Thursday announced that the central bank will cut the repo rate by 25 basis points, meaning rates will drop by 0. 25%.

The South African Reserve Bank has cut rates by 25 basis points in line with expectations, but there are fears over a potential global trade war.

In a 4–2 split decision, the South African Reserve Bank (Sarb) cut its benchmark interest rate by 25 basis points to 7.5% on January 30, the third consecutive reduction since it began easing policy last September.

The South African Reserve Bank has announced a 25 basis point cut in the interest rate, marking the third consecutive reduction as the country navigates economic challenges.

South Africa's rand gained on Thursday after data showed U.S. economic growth slowed in the fourth quarter, while the South African Reserve Bank cut its main lending rate for the third time in a row.