SA’s banks will get a fillip from a first-quarter rate cut, says BMI Research
19 January 2018 - 09:25
After two tough years, South African banks are likely to start lending more freely, BMI Research said in a note e-mailed on Friday morning. Though the Reserve Bank’s monetary policy committee (MPC) voted to hold its repo rate at 6.75% on Thursday, BMI said it still expected an interest cut during the first quarter of 2018 — implying a cut to 6.5% at the MPC’s next vote on March 28.
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