January 16, 2020 / 1:20 PM / 4 days ago

South African central bank cuts repo rate by 25 bps to 6.25%

PRETORIA, Jan 16 (Reuters) - The South African Reserve Bank cut its main lending rate by 25 basis points (bps) to 6.25% on Thursday in a unanimous decision, citing a lower inflation forecasts and an improved risk profile.

The majority of analysts polled by Reuters had expected no change in rates. (Reporting by Olivia Kumwenda-Mtambo and Emma Rumney Writing by Alexander Winning and Joe Bavier Editing Tim Cocks)

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