The reserve bank is likely to raise its repo rate from 9percent to 9,5percent today when its Monetary Policy Committee concludes its two-day meeting.
The reserve bank is likely to raise its repo rate from 9percent to 9,5percent today when its Monetary Policy Committee concludes its two-day meeting.
"Psychologically last week's releases - and particularly the 6,3percent Consumer Price Index Excluding Mortgages (CPIX) figure - will make it difficult for the Monetary Policy Committee to resist raising interest rates at today's meeting," Nedbank said after disappointing manufacturing growth data from Statistics South Africa. - Staff Reporter
rate hike today?
The reserve bank is likely to raise its repo rate from 9percent to 9,5percent today when its Monetary Policy Committee concludes its two-day meeting.
The reserve bank is likely to raise its repo rate from 9percent to 9,5percent today when its Monetary Policy Committee concludes its two-day meeting.
"Psychologically last week's releases - and particularly the 6,3percent Consumer Price Index Excluding Mortgages (CPIX) figure - will make it difficult for the Monetary Policy Committee to resist raising interest rates at today's meeting," Nedbank said after disappointing manufacturing growth data from Statistics South Africa. - Staff Reporter