EDITORIAL: Tight call for Reserve Bank on rates as global factors weigh
16 November 2021 - 17:48
Given the flurry of activity for the Reserve Bank in 2020, it seems odd to describe the monetary policy committee that started on Tuesday as the most interesting in a while.
After cutting the repo rate by 100 basis points to 5.25% in March 2020, the Bank was moved by the pandemic to hold an unplanned meeting in April, cutting the rate by another percentage point. In July, it fell to 3.5%, the lowest official interest rate in about five decades. ..
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