SA Reserve Bank cuts rates by 100 basis points
The Reserve Bank says GDP for the whole of 2020 will contract 0.2%
19 March 2020 - 15:12
The SA Reserve Bank cut interest rates by 100 basis points as it dramatically revised the inflation and growth forecast, saying GDP for the whole of 2020 would contract 0.2%.
The Bank decided to ease policy even after a recent sell-off in markets that pushed the rand to new lows of worse than R17/$ and 10-year bond yields to double digits...
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