Cash strapped consumers have been given another reprieve - the Reserve Bank's Monetary Policy Committee (MPC) has reduced the repo rate by a further 100 basis points.

THE Reserve Bank cut interest rates by a percentage point yesterday, as most had expected, but governor Tito Mboweni warned that further "aggressive" easing was unlikely because of stubbornly high ...

STUBBORN inflation will prevent interest rates from falling much more this year, but there is little more that monetary policy can to do to boost the economy at this stage.

INFLATION subsided more slowly than expected last month, but the odds are still very much in favour of the Reserve Bank cutting interest rates aggressively today.

The following is a statement from the Monetary Policy Committee of the Reserve Bank of South Africa: