Investors have upped bets on more interest rate cuts by South Africa's central bank after a historic contraction in the economy during the second quarter, when coronavirus lockdown measures curtailed activity. The South African Reserve Bank (SARB) has slashed rates by 300 basis points over the course of 2020 to support the economy, but had hinted an end to the cutting cycle after July, when two of five policymakers voted against its 25 bps cut.
from Engineering News | Home https://ift.tt/3irtyUt
