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rdf:type	schema:NewsArticle
schema:articleBody	South Africa's central bank Tuesday slashed its main interest rate by a full percentage point, the second such cut in less than a month, as the economic impact of the coronavirus pandemic deepens. "The Monetary Policy Committee (MPC) of the South African Reserve Bank decided to cut the repo rate by 100 basis points. This takes the repo rate to 4.25 percent per annum," the bank said in a statement. This is the third cut this year. On March 19, the bank cut the rate by one percentage point following a 0.25 percentage point cut in January. South Africa, which has recorded the highest numbers of infection in sub-Saharan Africa, slipped into a recession during the final quarter of 2019. The number of COVID-19 cases in the country has risen to 2,272, including 27 fatalities. The virus outbreak prompted President Cyril Ramaphosa to impose a total lockdown which kicked into action on March 27 and is due to run to end of April. sn/rl
schema:headline	S.Africa further cuts interest rate amid virus pandemic
schema:mentions	Minor Planet Center South African Reserve Bank Interest rate 2020 Hubei lockdowns Cyril Ramaphosa Sub-Saharan Africa Recession Impose (magazine) South Africa Pandemic Virus Coronavirus President of the United States Coronavirus disease 2019 Repurchase agreement Monetary Policy Committee (United Kingdom)
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-04-14 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	60 (xsd:integer)
http://data.cimple...tology#hasEmotion	sadness

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