'MPC is not likely to pull rates trigger'

24 March 2015 - 09:36
By Reuters

The Reserve Bank is likely to wait until the fourth quarter before raising interest rates, a Reuters poll shows, meaning no change at a policy meeting on Thursday. The bank has kept its benchmark rate at 5.75% since July as the economy is struggling and inflation is in check.However, economists expect the Reserve Bank will have to raise rates eventually because the rand, which has hit 13-year lows against the dollar this year, is likely to come under more pressure as the US starts raising inter...

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