Why the SARB should not hike interest rates on Thursday

The Monetary Policy Committee (MPC) of the South African Reserve Bank will announce on Thursday whether or not it will hike interest rates.

Economists are divided as to what the MPC will decide, especially since June’s inflation rate came in at 4.7%, which was below expectations.

The Money Show’s Bruce Whitfield interviewed Investec Chief Economist Annabel Bishop.

She believes there are many good reasons why the MPC should not hike interest rates.

Scroll down to listen to the audio.

Economic growth is weak. Hiking interest rates now will hammer business and consumer sentiment.

Annabel Bishop

This article first appeared on 702 : Why the SARB should not hike interest rates on Thursday


Recommended

by NEWSROOM AI
Read More
Terror grips US markets as CNN Money's Fear & Greed Index reaches extreme levels

Terror grips US markets as CNN Money's Fear & Greed Index reaches extreme levels

The Money Show’s Bruce Whitfield interviews Schalk Louw, Portfolio Manager & Strategist at PSG Wealth Old Oak.

Electric scooters - transport revolution or fad? It's probably both

Electric scooters - transport revolution or fad? It's probably both

You might not look good, but you will have fun, and you won’t be using a car.

Alcohol and other drugs bring home the bacon for Spar

Alcohol and other drugs bring home the bacon for Spar

The Money Show’s Bruce Whitfield interviews Spar Group CEO Graham O'Connor.

Discovery Bank takes on Capitec Bank, TymeDigital (Patrice Motsepe), Bank Zero

Discovery Bank takes on Capitec Bank, TymeDigital (Patrice Motsepe), Bank Zero

South Africa has a brand-new bank! The Money Show’s Bruce Whitfield interviews Adrian Gore, Discovery Group CEO.

[Live, real-time experiment] Find out which food delivery app is SA's best

[Live, real-time experiment] Find out which food delivery app is SA's best

Andrew Ross of Chaos Theory experiments on-air to see which food delivery app is the best one to use.

SA is falling in love with Telkom Mobile (6.5m users, 50% up on 6 months ago)

SA is falling in love with Telkom Mobile (6.5m users, 50% up on 6 months ago)

The Money Show’s Bruce Whitfield interviews Telkom Group CEO Sipho Maseko.

Popular articles
Callers debate Mashaba arresting a man wheeling cow heads in Joburg CBD

Callers debate Mashaba arresting a man wheeling cow heads in Joburg CBD

Mashaba posted a picture of a man pushing a trolly full of cow heads saying that he had him arrested for an "illegal act".

South African scoops Bake Off crown with her koeksisters...in CHILE!

South African scoops Bake Off crown with her koeksisters...in CHILE!

Ramsay has been staying in Chile for the past seven years and entered a baking competition, which she won.

Heads to roll for N2 car spinning frenzy

Heads to roll for N2 car spinning frenzy

WC Traffic Chief says there was no authorisation given for cars to be spun on a provincial road with the protection of officers.

Signs your child could have diabetes (that most parents can't recognise)

Signs your child could have diabetes (that most parents can't recognise)

Wednesday 14 November marks World Diabetes Day, aiming to raise awareness about both Type 1 and Type 2 diabetes.

'I felt racially profiled at Wellness Warehouse'

'I felt racially profiled at Wellness Warehouse'

Efua Prah shares how she felt she was racially profiled while shopping, a problem she says exists in many Cape Town outlets.

Water restrictions see 17 municipal pools across CT open from December

Water restrictions see 17 municipal pools across CT open from December

The City of Cape Town's JP Smith says four of the existing municipal pools will be converted into salt water pools.

[WATCH] South Africans going crazy doing the #MalwedheChallenge

[WATCH] South Africans going crazy doing the #MalwedheChallenge

The Road Traffic Management Corporation (RTMC) has issued a warning asking people not to do the challenge while driving.