Ninety One says Reserve Bank can cut interest rates by another 50bps 🔒
SA’s shrinking economy, and inflation that’s set to set to be at the lower end of its target range, has given the Reserve Bank enough “head room” to cut interest rates by another 50 basis points , according to Ninety One.
While there is a low probability that a reduction would come in July, the Bank may delivery another combined 50bps in its next two months, Peter Kent, co-head of fixed income for SA income at money manager Ninety One, said in an online presentation on Tuesday.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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