Reserve Bank says rate cut will take time: Daniel Mminele
531 views · Published 1 October 2016 · 1:41 · Indexed 28 October 2026
Channel: SABC News · 2016 · News & Politics
Reserve Bank deputy governor, Daniel Mminele, says although the bank may be close to ending its rate hiking cycle, the criteria for actually cutting rates remains high. Mminele says the continents current slow growth is just a pause and not an end to the continent's long term growth story.. It follows a forecast by the world bank that the continent would only see a 1,6 percent growth this year. On local interest rates - Mminele says a rate cut won't come any time soon. For more news, visit: http://www.sabc.co.za/news
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