Economists split on when Reserve Bank will start inevitable tightening
More than half of local economists in a survey expect the Reserve Bank will increase interest rates on Thursday
14 November 2021 - 16:14
On Thursday, a week to the day after finance minister Enoch Godongwana delivered his medium-term budget policy statement, the SA Reserve Bank’s monetary policy committee (MPC) will announce its decision on interest rates.
It turns out that Godongwana’s speech — which cleaved to fiscal consolidation and pragmatism — held few surprises. Judging by the mixed results of economist surveys, however, it is anybody’s guess how the MPC will decide and whether Thursday will mark the slow track back from record low interest rates of 3.5%. ..
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.