Tuesday 25 June 2019
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maverick - 1 month ago

BUSINESS MAVERICK: SA Reserve Bank holds rates, signals a cut on the horizon

The South African Reserve Bank kept the repo rate, the main lending rate, on hold as expected at 6.75% on Thursday. Two out of five members of the Monetary Policy Committee voted for a cut, and the statement signalled the next move will likely be downward. This is largely because the deplorable state of the economy has put a lid on any demand pressures that could reignite inflation.


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