ISAAH MHLANGA: Treading a fine line, Reserve Bank likely to make its cut in September
Policymakers cannot be seen to yield to political pressure, and will have a stronger case if they follow US Fed
Global monetary policy expectations have shifted towards interest-rate cuts in 2019, from expecting a pause earlier in the year and hikes as recently as December 2018.
This week the US Federal Reserve kept its targeted interest rates unchanged at 2.25%-2.5% and gave its strongest indication since he financial crisis that it will probably cut rates due to rising uncertainty about the outlook on economic growth, labour markets and inflation...
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