The JSE slipped on Thursday, with indices sensitive to interest-rate changes, such as banks and retailers, seemingly brushing off what was seen by some as a hawkish tone from the Reserve Bank.The Bank, earlier, kept the repurchase rate on hold at 6.75%, as expected, but analysts said future interest-rate cuts were unlikely.Local policy makers were unlikely to deliver the interest-rate hikes the financial markets were now pricing in for next year, said Capital Economics analysts.Global monetary policy tightening could also make it difficult for the Bank to continue reducing rates, said PPS Investments senior investment analyst Luigi Marinus.In keeping monetary policy unchanged, the Bank cited, among other things, the possibility of further credit-rating downgrades, the outlook for the fuel price, and the economic policy implications of the ANC’s December elective conference.International markets were mixed, with those in the US closed for the Thanksgiving holiday.The day began inausp...
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