ISAAH MHLANGA: It’s too soon to lower repo rate until the effects of earlier cuts are felt
An interest-rate cut premised on the idea of helping the unemployed is misplaced
20 May 2020 - 16:24
On Thursday the Reserve Bank monetary policy committee (MPC) will announce its interest-rate decision. The median expectation from a Bloomberg survey of 19 economists is for a 50 basis point (bp) cut in the repurchase rate from 4.25% to 3.75%.
To be exact, 10 of the surveyed analysts expect a 50bp cut, three expect a 100bp cut, another three expect a 25bp cut; two expect a 75bp cut and one expects no change in interest rates...
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Commenting is subject to our house rules.
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now