Reserve Bank expected to cut interest rates in July
A Transnet bailout looks inevitable, says Bank of America
16 January 2024 - 05:00
Bank of America (BofA) has pencilled in a cut in interest rates by the SA Reserve Bank in the second half of the year as domestic inflation moderates on the back of lower international oil prices and a more dovish global environment.
The bank, however, warns of a weaker fiscal outlook for the SA economy, expecting a Transnet bailout as well as policy uncertainty that may result from the governing party’s declining support. ..
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