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ECONOMIC WEEK AHEAD: Reserve Bank expected to keep rates on hold

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South Africa Headlines News

SA's inflation rate is below the midpoint of the target band of 3%-6%, but risks persist

17 November 2019 - 16:43The Reserve Bank is likely to be cautious in terms of monetary policy in the week ahead, with the risks to SA’s credit rating offsetting price-growth pressure that is well below the midpoint of the Bank’s target rate.

The case for a hold versus a cut is quite tight, though the Bank is likely to be cautious, said Mike van der Westhuizen, a portfolio manager at Citadel Wealth Management. There is a very small chance of a cut, and the Bank is likely to keep rates unchanged, said Capital Economics senior emerging-markets economist John Ashbourne.

 

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