JSE flat ahead of interest rate announcement
Global trade is risk-off on Thursday morning, while all eyes locally are on the Reserve Bank, which is expected to cut the repo rate 25 basis points
18 July 2019 - 10:45
The JSE was flat on Thursday morning, with gains by most indices offset by a weaker Naspers, as SA waited for an update on its monetary policy outlook.
The consensus among 22 analysts polled by Bloomberg is for a 25-basis-point cut to the repo rate on Thursday afternoon, while the market is also partially pricing in a second cut for 2019, possibly in September...
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