The Reserve Bank is expected to cut interest rates again in November — or possibly September — given the relatively tame inflation outlook, a Reuters poll found on Friday. The Bank unexpectedly cut its repo rate by 25 basis points to 6.75% for the first time in five years in July, taking advantage of slower inflation to support a sickly economy. While 11 of 27 economists in the latest Reuters poll taken this week forecast an interest rate cut of varying amounts next month, the Bank was seen as more likely to only make a cut at its meeting in November. Only five economists polled forecast rates being kept on hold until the end of the year. The survey median was for rates to be cut by another 25 basis points to 6.5% in November, and then kept on hold until early 2019. "We think there is a small window here to cut. It would be quite easy to justify three cuts in a row: July, September and November," said Citi economist Gina Schoeman. "But then again, the Reserve Bank is more prudent, w...
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