No need to panic about rates

Sanlam chief economist Jac Laubscher said yesterday that while Bank governor Tito Mboweni spoke about a possible increase of 200 basis points in the repo rate, this was unlikely. "The current rates tightening cycle is far advanced and it is clear that the economy is cooling off rapidly, and it would be an unusual step to accelerate the tempo of monetary policy tightening two years after the start of the cycle," he said. - I-Net Bridge

Sanlam chief economist Jac Laubscher said yesterday that while Bank governor Tito Mboweni spoke about a possible increase of 200 basis points in the repo rate, this was unlikely. "The current rates tightening cycle is far advanced and it is clear that the economy is cooling off rapidly, and it would be an unusual step to accelerate the tempo of monetary policy tightening two years after the start of the cycle," he said. - I-Net Bridge

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