Another hefty interest-rate cut is expected from the SA Reserve Bank as Covid-19 batters SA’s economy and reduces inflationary pressure on the rand.
The consensus among eight economists polled by Bloomberg is for a 50 basis-point cut, which will bring the repo rate down to 3.75%, from 6.5% at the beginning of 2020.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: