Even before August’s inflation figures were released, economists polled by Reuters predicted the SARB’s repo rate would be lowered by 25 basis points (bps).
“Markets (are) expecting the central bank to cut by 25 bps. However, there are growing calls for a 50 bps cut after local inflation fell below the mid-point of the SARB’s target range and on the back of the larger Fed rate cut,” said Andre Cilliers, currency strategist at TreasuryONE.
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