ECONOMIC WEEK AHEAD: Reserve Bank expected to keep rates on hold
Inflation rate is below the midpoint of the target band of 3%-6%, but risks persist
17 November 2019 - 16:43
The Reserve Bank is likely to be cautious in terms of monetary policy in the week ahead, with the risks to SA’s credit rating offsetting price-growth pressure that is well below the midpoint of the Bank’s target rate.
On Thursday the Bank’s monetary policy committee (MPC) will announce its latest stance, with consensus among the 17 economists polled by Bloomberg that the repo rate will be kept at 6.5%. No analysts are expecting a rate hike, while two expect a 25 basis point cut...
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