Smaller-than-expected rate hike: Good news is bad news | Business

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While there may be relief about the size of the hike, the more dovish move comes as the Reserve Bank sounds the alarm on the economy.

While the Monetary Policy Committee's first meeting of 2023 delivered a less painful rate hike than expected, the good news reeks of bad news.

The more dovish stance comes as the SA Reserve Bank sounded the alarm on the economy, and slashed its growth expectations for the next three years.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

 

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0.3% is not growth, SA is operating at a loss. Tell it like it is, we headed for disaster. More inflation, unemployment and corruption. Safa yi ANC

Brilliant More disinvestment please 😂👍🏻🤬🧨

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