EDITORIAL: Tight call for Reserve Bank on rates as global factors weigh
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. ..