SA 'needs to cut rates'

The deteriorating global and domestic economic outlook has bolstered the case for an aggressive rate-cutting campaign in South Africa, said Moody's Economy.com on Friday. The Reserve Bank is scheduled to meet in February, and Moody's Economy.com says pressure is mounting for the bank to slash interest rates by 100 basis points or risk falling behind the curve. - I-Net Bridge

The deteriorating global and domestic economic outlook has bolstered the case for an aggressive rate-cutting campaign in South Africa, said Moody's Economy.com on Friday. The Reserve Bank is scheduled to meet in February, and Moody's Economy.com says pressure is mounting for the bank to slash interest rates by 100 basis points or risk falling behind the curve. - I-Net Bridge

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