Economist Raymond Parsons says the repo rate cut is the right decision [SOUND]

# North West University Business School economist, professor Raymond Parsons, says the South African Reserve Bank Monetary Policy Committee’s decision to resume its interest rate-easing cycle is right. The committee has cut the interest rates by 25 basis points. This brings the repo rate down to 7.25-percent and the prime lending rate to 10.75-percent. Parsons says that at this stage, even a small reduction in interest rates can have a positive impact on the national economic mood and confidence levels: