Tag: Reza Hendrickse
Are we not sailing into the wind?
The more things change, the more they stay the same. For investors, with 2020 still fresh in their minds, this year has been yet another case in point.
MPC – repo rate unchanged
The Monetary Policy Committee (MPC) decided to leave the repo rate unchanged at 3.5%. Three members of the committee preferred to leave rates unchanged, while two members preferred a 25 basis point reduction to the repo rate. This serves as a guide to the expectation that rates are more likely to decline than increase under current economic conditions.
SARB rate cut: support for economy weakened by COVID-19
The Monetary Policy Committee (MPC) once again unanimously voted in favour of lowering the repo rate this month, although 2 out of the 5 members preferred a shallower cut. In a vote of 3 to 2, the MPC decided to lower the repo rate by 50bp to 3.75%.
