# Sarb carries out fourth consecutive rate cut - Central Banking

> The South African Reserve Bank's monetary policy committee voted 3-2 on May 21 to cut the repo rate by 50 basis points to 3.75%, its fourth cut this year. The move followed a 100bp cut at an April emergency meeting. The bank also said banks could apply for looser prudential requirements case by case.

- Date: 2020-05-22 · published 2020-05-22T12:00:00.000Z
- Category: macro · region South Africa · magnitude medium
- Page: https://feedsoft.ai/events/53446-sarb-carries-out-fourth-consecutive-rate-cut-central-banking
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Further monetary easing to a record low lowers borrowing costs and weighs on the rand, which affects the cost of imported feed ingredients for South African livestock producers.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- centralbanking.com: https://www.centralbanking.com/central-banks/monetary-policy/7549286/sarb-carries-out-fourth-consecutive-rate-cut

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.