MKI ECONOMICS COMMENTARY
The Moses Kotane Institute (MKI) Economics Commentary is intended to provide MKI’s interpretation of key economic events such as the Budget, MTBPS, Monetary Policy (Interest Rates), employment data releases and other topical economic events. According to internal MKI economist, Mr Vincent Zulu, South African Reserve Bank (SARB) have lowered interest rates, repo rate which makes borrowing and servicing debts easier for consumers. This 100 basis points interest rates cuts by SARB was necessitated by worsening economic fallout from the Corona Virus Disease (COVID-19). Investors are affected negatively as they will see reduction on their returns because of a cumulative -2.25% reduction in interest returns since January 2020. For a full MKI Economic Commentary please follow this link: https://www.moseskotaneinstitute.com/wp-content/uploads/2020/04/MKI-Commentary-Interest-Rate-Review-14-April-2020-.pdf.