Reserve Bank cuts interest rates by 25 basis points

In a move that could offer some respite to SA’s battling consumers Reserve Bank governor Lesetja Kganyago announced an interest-rate cut of 25bps on Thursday

However, many economists believed the Bank would stay hawkish as SA confronts a difficult February budget and the possibility of a ratings downgrade by Moody’s Investors Service.The forecasts for 2020 and 2021 have also been lowered to 1.2% and 1.6% , respectively.

Source: Loan Digest (loandigest.net)

That gives a very tight budget for February now, doesn't it?

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BREAKING NEWS: Reserve Bank cuts interest rates by 25 basis pointsThe bank cut its GDP forecasts to 0.4% for 2019, from 0.5%, thanks largely to electricity supply constraints Yeeeet
Source: BDliveSA - 🏆 12. / 63 Read more »

ANC slams Tito Mboweni over views on Reserve Bank, Nasrec conference | IOL NewsIssuing a harsh statement against finance minister Tito Mboweni, the ANC has reminded him that its leaders must uphold and defend conference resolutions. Why can't they fire this shoe? But heaven forbid anyone should jail ANC looters. What I read from this is tacit consent to looting while anything likely tolose votes is verboten He is one of very few ANC leaders that make economic sence and no looting dirt hang over him
Source: IOL - 🏆 46. / 51 Read more »

Reserve Bank trends as Mboweni opposes its nationalisationLast year, Ace Magashule told journalists that the ANC had resolved to expand the bank's mandate, saying it would help ease the country's poverty and unemployment. He he shares there by SArB Because he one of the shareholders kalok, continue the article is incomplete.... DD Mabuza told us not take Mboweni's tweets seriously.
Source: TimesLIVE - 🏆 28. / 59 Read more »

Rand’s losses continue as market awaits Reserve Bank decisionThe Bank's interest rate announcement on Thursday is being closely watched, with global focus on possible progress in resolving the US-China trade war
Source: BDliveSA - 🏆 12. / 63 Read more »

JSE faces subdued start on Thursday ahead of Reserve Bank decisionThe consensus is that the Reserve Bank will opt to keep rates unchanged due to the threat to the rand posed by a junk status rating from Moody’s Investors Service.
Source: BDliveSA - 🏆 12. / 63 Read more »

Will the Reserve Bank cut the repo rate?Economists say there were several factors that were in favour of a drop in the repo rate.
Source: ewnupdates - 🏆 30. / 53 Read more »