LUKANYO MNYANDA: Bank misses show pitfalls of policy making in volatile world
It is unlikely the last monetary policy committee meeting of 2019 will slash interest rates, despite a sharp deterioration in the economy
17 November 2019 - 20:11
Did the SA Reserve Bank miss the opportunity to give SA’s struggling economy and consumers some relief by cutting interest rates?
With the last monetary policy committee (MPC) rate-setting meeting of 2019 that starts on Tuesday unlikely to result in a change in the repo rate, it seems to be a foregone conclusion that this year will end without a cut in rates despite a sharp deterioration in the economy and much improved inflation outlook.
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