Reserve Bank likely to play cautious on rates, but it will be a close call
Inflation slowed in 2020, but economists expect it to pick up and help keep monetary authority in wait-and-see mode
20 January 2021 - 18:29
Though inflation during 2020 averaged its lowest levels in more than a decade, many economists believe the Reserve Bank will hold interest rates steady in what may turn out to be a close call on Thursday.
Market consensus points to the Bank keeping rates at a record low of 3.5%, but a gloomier outlook for economic recovery in the wake of SA’s second wave of Covid-19 and tighter restrictions could prompt members to contemplate a cut of 25 basis points (bps)...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.