Henry Blumenthal, MD of Investec Private Client Securities, says that he is expecting a 25 basis points (bps) increase when Tito Mboweni, the governor of the SA Reserve Bank, announces the most recent interest rate decision following the two-day Monetary Policy Committee (MPC) meeting in Pretoria.
On the other hand chief economist at The Efficient Group, Dawie Roodt and Dave Mohr, chief economist at Citadel, are forecasting a whopping 100 bps hike. Meanwhile Kevin Lings, economist at Stanlib hopes that the governor won’t hike rates.
The latest poll of economists in various media platforms is evenly split, which will make the governor’s decision even more vexing.