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Discussion | Impact of MPC decision on exchange rates

Pravin Gordhan’s body leaves his family home in Pretoria. 
Pravin Gordhan’s body leaves his family home in Pretoria. 
Thabo Bester
Thabo Bester
Songezo Zibi
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. 

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