LUKANYO MNYANDA: Is Lesetja Kganyago a bad communicator or do banks hire bad forecasters?
Seeing that there were such compelling arguments for a cut, how was it that so many economists failed to see it coming?
20 January 2020 - 16:17
Something rather odd happened in the wake of the SA Reserve Bank’s decision to cut interest rates and inject much-needed stimulus for a struggling economy.
Surveys before Thursday’s call by the monetary policy committee (MPC) indicated that the Bank, with half an eye on February’s budget and Moody’s Investors Service’s ratings review about a month later, would keep policy unchanged...
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.