Case builds for deeper rates cuts by Reserve Bank, say economists
As growth and inflation expectations slide amid the coronavirus pandemic, all eyes are on the Reserve Bank’s MPC
17 March 2020 - 18:59
As SA’s economy reels from the effects of the coronavirus, Thursday’s decision from the SA Reserve Bank will be closely watched for any rays of light an interest-rate cut could throw the way of consumers and businesses.
Though finance minister Tito Mboweni warned on Monday that the Bank cannot “solve the world’s problems”, economists argue that there is a growing case for a 50 basis-point (bps) rate cut despite the damage done to the currency as a result of coronavirus chaos...
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