JSE firms as focus shifts to Reserve Bank repo rate decision
Global equities have been supported by positive corporate earnings as well as hopes for more stimulus
23 July 2020 - 12:42
The JSE was firmer on Thursday in line with European markets, while local focus shifts to the Reserve Bank’s interest rate decision.
According to a poll by Bloomberg, the median forecast is for the Bank to cut the repo rate by 25 basis points (bps) to a record low of 3.50%. The Bank has slashed rates by a cumulative 275bps so far this year as Covid-19 weighs on the economy. ..
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.