An outside chance of a rate cut, but market expects a hold
Rand has firmed and inflation expectations have moderated since the MPC last met in May
15 July 2024 - 05:00
There is an outside chance that the Reserve Bank’s monetary policy committee could cut interest rates when it meets this week, but the market consensus expects the Bank to hold steady yet again.
The rand has strengthened and inflation expectations have moderated since the committee met in the last week of May, in the shadow of SA’s general election, when it flagged “unusually elevated” uncertainty and still-high inflation expectations as reasons for its unanimous decision to hold rates...
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.