Type of Intervention: Financial markets and monetary policy
Level of Jurisdiction: National
Overview: The South African Reserve Bank decreased the repo rate by 100 basis points.
The measure is intended to increase the money supply in the country, make lending cheaper, reduce the strain on borrowers, and inject liquidity into the economy.
Full details here: https://www.gov.za/speeches/president-cyril-ramaphosa-escalation-measures-combat-coronavirus-covid-19-pandemic-23-mar