Repo Rate | This could be the beginning of a rate-cutting cycle to bring down the cost of debt

Relief for indebted households and businesses as the Reserve Bank slashes interest rates for the first time in 4 years. The bank has announced that it has cut interest rates by a quarter of a percentage point, taking the repo rate to 8%, and the prime lending rate to 11,5%. Analysts believe this is the beginning of a rate-cutting cycle, which will bring down the cost of debt. For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.