GERALD MONEY TALKS S1 E9: Surprise Interest Rate Cut! Is this good or bad?
8 Minuten
Beschreibung
vor 5 Jahren
The Monetary Policy Committee (MPC) of the South African Reserve
Bank decided to cut the repo rate by 100 basis points. This takes
the repo rate to 4.25% per annum, meaning South Africans will be
paying less on their debt. The MPC meeting for May was moved
forward to Tuesday. Last month, the central bank cut the repo rate
by 100 basis points to 5.25%, citing a fragile domestic economic
outlook, with the economy expected to contract this year and
therefore it needed a boost. What gives???? I discuss options..
Bank decided to cut the repo rate by 100 basis points. This takes
the repo rate to 4.25% per annum, meaning South Africans will be
paying less on their debt. The MPC meeting for May was moved
forward to Tuesday. Last month, the central bank cut the repo rate
by 100 basis points to 5.25%, citing a fragile domestic economic
outlook, with the economy expected to contract this year and
therefore it needed a boost. What gives???? I discuss options..
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