EDITORIAL: Arc of inflation history bends towards a rate cut
Conditions primed for Lesetja Kganyago to deliver much-needed interest-rate relief
15 January 2020 - 18:44
The outcome of the Reserve Bank’s November meeting, in which policymakers decided to keep the repo rate unchanged at 6.5%, was a close affair.
It was probably closer than markets had expected, with two of the five members of the monetary policy committee (MPC) wanting to cut interest rates in the face of inflation readings that have consistently come below forecasts, and the prospect of that trend being maintained...
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.