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re rates cut

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CHATTYCHAT
Super Contributor
She's gone down 100 points - a decrease of 11,76% on what it was.
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I Quote: Those paying off bonds and car loans can again celebrate after Reserve Bank Governor Tito Mboweni dropped interest rates by 100bps, after a tense Monetary Policy Committee discussion. However, savers have less to be happy about. The cut was in line with economists' forecasts. Mboweni did warn that there would be "no further significant cuts expected", but who knows. He blamed a possible food cartel as a cause for high inflation
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CHATTYCHAT
Super Contributor
Banks' margin above the repo just increased by 4,71% to 40%.
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saash
Super Contributor
This is an odd decision. I thought we were supposed to be targeting inflation primarily, 3 huge rate cuts in such a short timeframe, the inflation target will surely get blown out the water.
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SimonPB
Valued Contributor
saas, yes an no .. ppi was very good this morning ..
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