Reserve Bank expected to slash rates again
The South African Reserve Bank is making another rates announcement tomorrow.
It will be the third in as many months.
Since March, the bank's Monetary Policy Committee has cut the repo rate by a total of 200 basis points.
Economist Mike Schussler believes we're in for another reduction.
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"We need to provide relief to the people who are borrowing. It is not that good for people who have savings but at the moment it is imperative that we try to keep the economy going," said Schussler.
"I think also, inflation is very low, so there is room to cut the interest rate in this very unusual situation."
Analysts say if the interest rate is cut - it could take it to levels last seen almost 50 years ago.
