JOHANNESBURG - The SA Reserve Bank might deliver another interest rate cut this week as it ponders easing monetary policy with deepening domestic and international economic recession as well as tumbling consumer price inflation.
Krugel said a revision to this number next week could see the Reserve Bank increase its forward guidance for more or deeper rate cuts in the short term. “As such, we believe the SARB will take a wait-and-see approach in July and keep the repo rate on hold at 3.75percent. With the annual consumer price inflation declining to 2.1percent from 3percent in April, SARB saw at least a 3.25percent level as the bottom of the monetary policy easing cycle.
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