There are many moving parts to consider this morning that will have an important role to play in determining SA’s
economic future over the next few months. Most of this week’s attention will fall on the SARB’s interest rate decision
and the possible relief the MPC might offer households. However, the domestic MPC is just one of three important
central banks deciding on monetary policy. Just ahead of the SARB will be the Federal Reserve, which will likely
reduce interest rates by at least 25bp, followed by the BoE on the same day as the SARB. While the former is not
likely to cut rates again at this meeting, they already did so at the previous one and will likely offer a dovish
perspective on the economy.