Michael Avery and guests discuss the Reserve Bank’s Monetary Policy Committee meeting and the likely outcome on Thursday
18 May 2022 - 15:33
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The SA Reserve Bank’s Monetary Policy Committee (MPC) is widely expected to increase its benchmark interest rate on Thursday, with 16 of 24 economists surveyed by Reuters expecting the MPC to increase the repo rate by 50 basis points to 4.75%. The Bureau of Economic Research has also shifted its stance from a 25 basis-point hike to 50 points.
The challenge for the Bank, though, is striking the right balance between fighting exogenous inflation and supporting a weak economic recovery. Joining Michael Avery to discuss that are Warwick Lucas, head of Galileo Securities; Isaah Mhlanga, chief economist at Alexforbes; and Investec chief economist Annabel Bishop
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
BUSINESS WATCH WITH MICHAEL AVERY
WATCH: SARB walks a tightrope on rates
Michael Avery and guests discuss the Reserve Bank’s Monetary Policy Committee meeting and the likely outcome on Thursday
The SA Reserve Bank’s Monetary Policy Committee (MPC) is widely expected to increase its benchmark interest rate on Thursday, with 16 of 24 economists surveyed by Reuters expecting the MPC to increase the repo rate by 50 basis points to 4.75%. The Bureau of Economic Research has also shifted its stance from a 25 basis-point hike to 50 points.
The challenge for the Bank, though, is striking the right balance between fighting exogenous inflation and supporting a weak economic recovery. Joining Michael Avery to discuss that are Warwick Lucas, head of Galileo Securities; Isaah Mhlanga, chief economist at Alexforbes; and Investec chief economist Annabel Bishop
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