The central bank is expected to leave interest rates unchanged at record lows
The JSE is expected to go higher on Thursday, given the positive mood in the Asian markets and after Wall Street erased this week’s steeper losses, which were sparked by rising Covid-19 cases.In SA, attention will be on the Reserve Bank, which is widely expected to leave interest rates unchanged at record lows when its monetary policy committee concludes its policy meeting in the afternoon.
Markets and economists will be particularly interested in how the policymakers see the trajectory of inflation, given the elevated oil prices while the rand continues to be volatile against the dollar. Rising food and fuel costs have been sufficient for BNP Paribas to tweak its expectations to two 25 basis-point hikes in 2021 from one before, though they also expect the Bank to keep rates on hold on Thursday.
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