Reserve Bank stays put on rates but hike expected in November

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

South Africa Headlines News

Reserve Bank stays put on rates but hike expected in November 🔒

The SA Reserve Bank has maintained its rate holding streak, even as it lays the groundwork for a potential rate hiking cycle that could start as soon as November.

The Bank’s monetary policy committee voted unanimously to keep the benchmark interest rate at a record low of 3.5%, in line with market expectations, with its internal modelling pointing to a round of rate hikes starting in the fourth quarter of this year and running through 2022 and 2023. ..

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

To all those Bitcoiner’s working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick with her lisamiaBTC Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

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.