Discussion | Impact of MPC decision on exchange rates

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NSFAS Administrator, Freeman Nomvalo spoke to eNCA.
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JOHANNESBURG – Economists expect the Reserve Bank to cut interest rates for the first time since the COVID-19 pandemic.
The reduction in interest rates will be welcomed by consumers carrying heavy debt burdens.
READ: Repo rate | Reserve Bank’s MPC to meet on Thursday
This decrease follows a series of measures aimed at controlling inflation.
Harry Scherzer, from Future Forex discussed what the upcoming interest rate cut means for the Rand and those moving money internationally.