'We should be cutting interest rates, but there’s so much uncertainty!'
South Africa’s repo rate remains unchanged at 6.75%, announced South African Reserve Bank (Sarb) Governor Lesetja Kganyago on Thursday.
The prime lending rate remains at 10.25%.
The Money Show’s Bruce Whitfield interviewed Nedbank economist Busisiwe Radebe.
Listen to the interview in the audio below (and/or scroll down for more quotes from it).
The cautious approach was okay.Busisiwe Radebe, Nedbank
There’s this uncertainty all the time!Busisiwe Radebe, Nedbank
There’s very little demand pressure out there… you should, probably, be cutting… but there’s so much uncertainty…Busisiwe Radebe, Nedbank
We have no one else to blame!Busisiwe Radebe, Nedbank
The rand should, probably, be even stronger.Busisiwe Radebe, Nedbank
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