ECONOMIC WEEK AHEAD: Bank to hike rates 75 bps as rand weakens
There’s still room to raise rates with repo rate at 5.5% despite low growth in the June quarter
18 September 2022 - 17:20
The primary focus of the economy this week is on the Reserve Bank, where the monetary policy committee (MPC) is expected to raise interest rates for a sixth meeting running as it moves to protect the weakened rand and stabilise inflation expectations.
Economists expect the committee to raise rates by 75 basis points (bps) on Thursday at the end of its three-day meeting starting on Tuesday. ..
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.