Repo rate to hold but a rate hike could be around the corner: Finder’s economist panel
Panel of 25 economists unanimously predict the SARB will hold the repo rate
Just over a quarter (28%) expect a rate hike this year
92% say South Africa is at risk of a sovereign debt crisis
Unemployment rate to increase slightly by July
The South African Reserve Bank (SARB) is set to hold the repo rate at the 23-25 March meeting, according to a unanimous vote by 25 economists on Finder’s repo rate forecast report.
Nedbank chief economist Nicola Weimar thinks the Bank has achieved the goldilocks of monetary policy and it’s now a matter of waiting for previously set policies to take effect.
“Hiking now would not make sense since inflation is well contained & the economy is still operating well below potential. Cutting would also not be wise as the SARB has already done enough, the...