In this edition of Business Day Spotlight, the focus is on SA’s monetary policy as the SA Reserve Bank is set to make an interest-rate decision on Thursday July 18 2019. In this discussion, Gavaza and Grater explore news and developments around the Bank.
Regarding the interest-rate decision on Thursday, Grater says the monetary policy committee is unlikely to hike rates this time around given the current performance of the economy, coupled with the pressure felt by consumers. She also highlights other factors, such as the US interest-rate policy, international oil prices, together with the impact on ordinary South Africans, businesses and the rand.
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