EDITORIAL: Don’t rule out the Reserve Bank springing a surprise on Thursday
Many economists predict no change in interest rates, but 43% believe there is space for a cut
18 November 2020 - 05:00
The last time the Reserve Bank decided on interest rates, it was a close call. That was true for economists and for the policymakers themselves, who eventually voted 3-2 to keep the repo rate unchanged.
Prior to the September decision by the monetary policy committee (MPC), a Bloomberg survey of economists produced a median forecast for a 25-basis point cut, which would have taken the repo rate to 3.25%. Of the 17 economists, canvassed nine thought the economic and inflation outlook justified more monetary easing...
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