South Africa’s Reserve Bank is expected to cut interest rates for the first time in more than two years – by 25 basis points to 8.00% – on Sept. 19, according to a Reuters poll of economists who had similar views to a poll taken last month.
A repo rate cut would follow a period of tight monetary policy in Africa’s second-largest economy aimed at reducing inflation, which slowed to 5.1% in June.
That expected rate reduction would come one day after the U.S. Federal Reserve is widely expected to start its cutting cycle after holding the federal funds rate steady over the past year.
Source: REUTER
Leave A Comment