OpenAI recently released its GPT-4o image-generation model, which is billed as more responsive to prompts, more capable of ...

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The RBI had initiated the repo rate-cut cycle in February. The repo rate was cut by 25 basis points (bps) to 6.25% from 6.5% on February 7, 2025. US Fed Chair Jerome Powell’s comments on the ...

There was no repo rate cut to support economic recovery in South Africa, while the MPC waits to see what the effects will be of the global trade war. The Reserve Bank opted to keep South Africa ...

The central bank's monetary policy committee, which meets every six weeks to set borrowing costs, voted 8-1 to keep the bank rate unchanged at 4.5%. Although the decision was widely expected ...

BUSINESS NEWS - The Reserve Bank has decided to keep the repo rate unchanged, as economists expected, despite inflation remaining at 3.2% for the second month in February. South African Reserve Bank ...

Economists predicted that the Reserve Bank would keep the repo rate unchanged due to geopolitical risks and low economic growth in SA. The Reserve Bank has decided to keep the repo rate unchanged ...

The South African Reserve Bank held its main repo rate at 7.5% on Thursday, as tensions with the U.S. continue to rise amid escalating global uncertainty. On Friday, U.S. Secretary of State Marco ...

The base rate influences what banks and lenders charge customers for borrowing money, such as mortgages and loans, as well as returns on savings. Andrew Bailey, the governor of the Bank of England, ...

The world’s lowest interest rate is no longer in Japan but Switzerland after the Swiss National Bank cut rates by a quarter-point on Thursday. The SNB took its key rate down to 0.25% ...

Against this backdrop, the MPC decided to keep the policy rate unchanged, at 7.5%. Four members preferred this action, while two favoured a cut of 25 basis points. For several quarters we have ...

Its previous decision, in February, was to cut rates from 4.75 to 4.5 per cent, taking base rate to 0.75 percentage points below its 5.25 per cent peak. The next decision will take place on 8 May.