SA likely to get 75 basis points more in rate cuts in 2020, says BNP Paribas
The Reserve Bank cut interest rates for the fourth time in 2020 on Thursday, and has room for even more cuts, the banking group says
22 May 2020 - 12:47
BNP Paribas, one of the world’s largest banking groups with operations in more than 70 countries, expects the SA Reserve Bank to cut interest rates by a further 75 basis points in 2020.
The Reserve Bank cut rates by 50 basis points on Thursday, its fourth cut so far in 2020, with the repo rate now at 3.75% from 6.5% at the beginning of the year...
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