LIVE | Monetary Policy Committee announces interest rates decision

South Africans are eagerly awaiting the latest interest rate decision, which will be announced on Thursday afternoon.

While the South African Reserve Bank’s Monetary Policy Committee (MPC) does appear to have the necessary wiggle room to cut rates, given that April’s inflation rate of 2.8% fell below the target range of 3% to 6%, experts say it’s not a clear-cut case.

However, future cuts could be scuppered if the inflation target is dropped.

IOL