LUKANYO MNYANDA: Reserve Bank bond-purchase data will give glimpse of whether market calm is genuine

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Nigeria News News

Bank has given itself a get-out-of-jail card called being 'data dependent'

While this won’t appease its many critics, the Reserve Bank is not the only central bank that has signalled it is ready to take the foot off the accelerator.

While governor Lesetja Kganyago delivered another repo rate cut of 50 basis points as widely expected by the market last week, that two out of five monetary policy committee members voted for a smaller reduction is a clear signal that the extraordinary easing phase is nearing an end.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Market data — May 24 2020Market data including bonds, unit trusts and fuel prices
Source: BDliveSA - 🏆 12. / 63 Read more »