Rate cut could be SA's last for now Mboweni.

Byline: MARIAM ISA

Rate cut could be SA's last for now Mboweni Governor warns of inflation risk, says Bank has done what it could Economics Editor 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 inflation. Shrinking economic output and the onset of SA's first recession in 17 years prompted the Bank's monetary policy committee (MPC) to reduce the repo rate to 7,5%, its lowest level in nearly three years. Mboweni said the economy would shrink again in the second quarter, albeit at a more moderate pace than in the first quarter, when …