July 18, 2019 / 1:26 PM / in a month

South African central bank cuts rates by 25 basis points

PRETORIA, July 18 (Reuters) - The South African Reserve Bank cut its main lending rate by 25 basis points to 6.50 percent, citing a downward trend in inflation.

Twenty-four of 30 economists polled by Reuters expected the rate to be lowered by that amount.

Thursday’s rate decision was unanimous. (Reporting by Mfuneko Toyana and Naledi Mashishi; Editing by Kevin Liffey)

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