Hawkish Reserve Bank signals later and fewer rate cuts
Money policy committee expects headline inflation to come down to its 4.5% target only at the end of 2025
27 March 2024 - 15:15
UPDATED 27 March 2024 - 20:33
The Reserve Bank has signalled that interest rates could stay high for longer, saying headline inflation would now come down to its 4.5% target only at the end of 2025, potentially delaying the first interest rate cut.
The Bank’s monetary policy committee (MPC) held the repo rate at 8.25% on Wednesday as expected, citing risks to food prices and to the rand exchange rate, as well as still high inflation expectations...
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