# Reserve Bank Governor Lesetja Kganyago has announced a 25-basis-point cut to the repo rate, now at 7.25-percent. He says global uncertainty, higher trade barriers, and cheaper oil are pressuring inflation and growth. Kganyago highlighted that South Africa’s GDP growth is forecast at 1.2-percent for 2025, rising to 1.8-percent by 2027. While mining and manufacturing indicators show strain, he emphasised that core inflation remains low at 3.4-percent:
SA Reserve Bank cuts repo rate to 7.25% amid global uncertainty [SOUND]
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