The Reserve Bank’s Monetary Policy Committee (MPC) is expected to hold the repo rate at 3.5% when it announces its policy decision tomorrow.
12 of 14 economists (86%) surveyed by Finder anticipate a hold when the South African Reserve Bank (SARB) makes the announcement this week – despite nearly half of economists calling for a rate cut.
Nedbank’s economists also believe that a rate cut is unlikely this week, with the focus likely to be on inflation, the bank said in a research note this week.
The rand’s recent strength, with the local unit around 9% firmer than the R17.07/US dollar starting point assumed at the time of the September MPC meeting, is unlikely to tilt the MPC towards a cut…
The Reserve Bank’s Monetary Policy Committee (MPC) is expected to maintain its repo rate at 3.5% when it announces its policy decision on Thursday (19 November).
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