Calls for Reserve Bank to cut interest rates amid COVID-19 pandemic - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABC News Online
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Pressure is mounting on the South African Reserve Bank to cut interest rates as the impact of the coronavirus chokes economic activity.

The Federal Reserve Board on Sunday implemented its second emergency interest rate cut this month, because of its increasingly dire predictions about the economic impact of the coronavirus.

Financial markets have plunged in recent weeks as investors fixated on potential costs of the coronavirus outbreak. Now all eyes are on the Reserve Bank’s Monetary Policy Committee. The coronavirus will keep the South African economy in a recession for much longer with dire consequences. The local economy is taking strain from disruptions in major trading partners and the impact on logistics and tourism.

Meanwhile, Minister of Finance, Tito Mboweni says that a conversation between him and the Governor of the South African Reserve Bank, Lesetja Kganyago, is taking place regarding what to do in the current pandemic.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 32. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

MuradGazdiev 💰

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

South Africa calls for travel bans due to coronavirus increases - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The number of South Africans calling for government to issue travel ban into South Africa from countries hardest-hit by the coronavirus (COVID-19) is growing. COVID-19 Government needs to limit public gatherings since we already have cases of domestic infections. Don’t take chances, see how the UK numbers are still on the rise and Boris is not acting. Learn from China, Italy, America, Scotland and England. I wonder why do we have to toytoy for travel ban Our leaders need to take some decisive decisions and stopped being 'ooMabena'.
Källa: SABC News Online - 🏆 32. / 51 Läs mer »

South Africa calls for travel bans due to coronavirus increases - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The number of South Africans calling for government to issue travel ban into South Africa from countries hardest-hit by the coronavirus (COVID-19) is growing. COVID-19 Government needs to limit public gatherings since we already have cases of domestic infections. Don’t take chances, see how the UK numbers are still on the rise and Boris is not acting. Learn from China, Italy, America, Scotland and England. I wonder why do we have to toytoy for travel ban Our leaders need to take some decisive decisions and stopped being 'ooMabena'.
Källa: SABC News Online - 🏆 32. / 51 Läs mer »