ECONOMIC WEEK AHEAD: Interest rate cut on cards for constrained consumers
In June the Reserve Bank signalled its willingness to drop the repo rates, saying policy has not been as accommodative as it could have been
South Africans could see the first interest rate cut in a year this week, which will provide some much-needed relief for consumers in an economy that is struggling to grow.
The Reserve Bank’s monetary policy committee (MPC) will meet on Thursday to decide on interest rates. According to 16 economists polled by Bloomberg, 12 expect a rate cut of 25 basis points, two expect a rate cut of 50 basis points and two expect the Bank to keep rates unchanged...