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South Africa central bank cuts interest rate to 7.75%

Summary by Inquirer
Johannesburg, South Africa — South Africa’s central bank on Thursday cut its benchmark interest rate by 25 basis points to 7.75 percent, adopting caution amid mixed data and global uncertainty. It follows a fall in inflation in October to 2.8 percent, its lowest level since June 2020 during the Covid-19 pandemic. Inflation appears well contained
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