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Reserve Bank trims key rate by 0.25% to to 7.75%, stresses tough backdrop

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Stephen Grootes speaks to Xhanti Payi, Economist at PWC, about the South African Reserve Bank's move to cut the repo rate by 25 basis points to 7.75%, effective Friday, and what this decision means for the economy, amidst a cautious outlook due to global interest rate fluctuations and the recent rand depreciation.

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