Reserve Bank to announce interest rate decision

Analysts say there is still scope for the Reserve Bank to cut interest rates today. But it’s likely to be a 25-basis-point cut. Most analysts agree the bank is nearing the end to its rate-cutting cycle. So far, the bank has cut interest rates by a whopping 275 basis points, in response to the impact of the Covid-19 pandemic on the economy.


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From: eNCA

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