UPDATE 1-South Africa cuts rates as economy weak, inflation steady
Published on: Thursday 18 July 2019
PRETORIA, July 18- The South African central bank cut its main lending rate by 25 basis points to 6.50%, as expected, citing weak economic growth and inflation which has stayed around the midpoint of its target range. The last time the South African Reserve Bank cut its repo rate was in March 2018. Earlier this year a faction in the governing African National...
