The South African Reserve Bank governor Lesetja Kganyago is expected to announce the interest rate today, and economists are expecting an interest cut.
This could be because of positive inflation numbers and the US Federal Reserve Bank's half-percent cut
Mzansi is crossing their fingers that SARB governor Lesetja Kganyago announced interest rate cuts. Image: Waldo Swiegers/Bloomberg via Getty ImagesJOHANNESBURG—The South African Reserve Bank is expected to announce inflation rates, and economists believe that interest rates could be slashed., economists believe that the central bank could cut interest rates by 25 basis points. This was after the Consumer Price Inflation cooled to 4.4 per cent recently.
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