Apr 30
South Africa: SARB cuts by 100bp
As expected the South African Reserve Bank (SARB) today cut its key policy rate by 100bp to 8.50% We expect SARB to cut its key policy rate to 7.50% over the next 12 months. Details Totally as expected, SARB today cut its key policy rate by 100bp to 8.50%. Assessment & Outlook SARB governor Tito Mboweni cited sluggish domestic demand as a key reason for the rate cut and in general sounded a dovish tone that signals further monetary easing going forward despite the fact that inflation
