THE BIG READ
Focus on inflation target as rate hike looms
Reserve Bank expected to lift repo rate by up to 75 bps in fight against rising prices
18 September 2022 - 06:47
The Reserve Bank’s inflation target is once again in focus as the monetary policy committee (MPC) is expected to hike the repo rate on Thursday, with some economists supporting a tighter target to make it possible to lower interest rates in the longer term.
Izak Odendaal, an investment strategist at Old Mutual Multi-Managers, said this week the Reserve Bank’s inflation target should be lower, as suggested by governor Lesetja Kganyago. ..
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