Right judgement call limits pace of interest rate increase
“As was expected, the Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) continued with its interest-raising cycle with an increase of 25 basis points (bsp), instead of the higher 50 bsp option that had also been widely canvassed.”
According to Prof Raymond Parsons, economist from the North-West University (NWU) Business School, this is the right decision in the present stressful economic circumstances.