Monetary authorities are responding with fiscal stimulus packages, such as interest-rate cuts and quantitative easing to help soften the impact of the coronavirus. Picture: 123RF/3D GENERATOR
Monetary authorities are responding with fiscal stimulus packages, such as interest-rate cuts and quantitative easing to help soften the impact of the coronavirus. Picture: 123RF/3D GENERATOR

The SA Reserve Bank cut rates by 100 basis points, much more than expected.

Expectations had been for a 50 basis point cut and the cut comes with aggressive changes to the GDP and inflation forecast.

Econometrix chief economist Azar Jammine joined Business Day TV to talk about the Bank’s decision.

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