FNB says unexpected rate cut lifts outlook for remainder of 2025 [SOUND]

# FNB says the South African Reserve Bank Monetary Policy Committee’s decision to cut interest rates highlights a greater focus on domestic fundamentals. The committee has cut the interest rates by 25 basis points, bringing the repo rate down to 7.25-percent and the prime lending rate to 10.75-percent. FNB’s product head for integrated advice, Ester Ochse, says they are seeing a more positive inflation outlook for the rest of the year, along with growing urgency to boost economic activity: