Considering the latest inflation report, it might seem odd that economists are so divided on what the Reserve Bank will do when it wraps up its latest policy-making decision on Thursday. An inflation rate that’s almost a full percentage point below the lower end of the 3%-6% target range would seem to make for a compelling case for more rate cuts.
Advocates of quantitative easing, or money printing, will be left fuming at its lack of action. Since many of them were calling for QE in 2019 already, when inflation averaged exactly twice the 2.1% recorded in May, that should not come as a surprise.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.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ECONOMIC WEEK AHEAD: Economists lean towards modest interest-rate cutThe median forecast among economists polled by Bloomberg is for the Reserve Bank to cut rates by 25 basis points to 3.5%
Source: BDliveSA - 🏆 12. / 63 Read more »
ECONOMIC WEEK AHEAD: Economists lean towards modest interest-rate cutThe median forecast among economists polled by Bloomberg is for the Reserve Bank to cut rates by 25 basis points to 3.5%
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: TheCitizen_News - 🏆 6. / 75 Read more »