Another interest rate cut in SA

Another interest rate cut in SA The South African Reserve Bank has cut its repo rate by 100 basis points, or one percentage point again, Fin24 reported.
This brings SA's repo rate to 4.25%.
Today's announcement was the second major cut in less than a month, after the central bank cut the rate by one percentage point in mid-March.
"The May 2020 meeting of the MPC was moved earlier and took place today [Tuesday]," the bank said in a tweet.
The last time the SARB dropped its rate, the Bank of Namibia governor Iipumbu Shiimi, now finance minister, convened a special meeting of the BoN’s monetary policy committee.
The BoN dropped its repo also by 100 bps to 5.25% the next day, the lowest in the history of an independent Namibia.