Reserve bank to cut rates less than earlier thought in 2024 – poll engineeringnews.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from engineeringnews.co.za Daily Mail and Mail on Sunday newspapers.
South Africa s central bank is now predicted to deliver only 50 basis points of interest rate cuts this year, less than earlier projected as inflation is seen taking slightly longer to return to. -April 18, 2024 at 03:50 am EDT
- MarketScreener
When an economy gets caught into such a downward spiral, it is not easy to get out of this muddle of deflationary trap. Japan will know it better. It is three decades since Japanese economy got into this deflationary entanglement. They are yet to find a way out. If right policy tools are not used, China may be staring at a similar fate.
Inflation has been a concern for India for over three years now, said Charu Chanana, lead economist, Asia at Continuum Economics, an independent research firm.