Independent Economist Elize Kruger says she expects the Reserve Bank’s Monetary Policy Committee to cut interest rates by 25 basis points when it announces its rate decision this afternoon at 15:00 in Pretoria.
Kruger says subdued consumer price inflation, muted economic growth, and real rates remaining restrictive may leave the door open for additional monetary support.
The MPC cut rates by 25-basis points at the last meeting which took the repo rate to 7.25% and the prime lending rate to 10.75%.
The bank also expressed that it was considering a scenario with a lower inflation target range for South Africa.
“Inflation data for the month of June suggests that inflation remains well…
Ranjeni Munusamy: A well-known political journalist and commentator,
contributing to various media platforms.
Manly
A professor in South Africa is teaching her students how to form Emglish sentences.
“Attention class I have two words: Cheetah, and dandelion. Can anybody use these together in a sentence?”
One student raises their hand,
“The cheetah is faster dandelion.”
Sylvester Eye
Fun South African Fact: Three different destinations make up South Africa’s capital cities. This is to represent the South African government being divided into three sections. Cape Town is the legislative capital, Pretoria is the administrative capital and Bloemfontein is the judicial capital. Interestingly, Parliament meetings take place for six months in Cape Town and six months in Pretoria.