SA MPC rate decision TOMORROW

View from Nedbank :

· We think that the MPC will keep rates unchanged tomorrow.
The decision to either cut rates or keep them steady will depend on whether the combined global monetary stimulus sparks some recovery later in the year, in which case rates are likely to remain stable.
However, if the global economy slips into recession then further easing can be expected.
Our baseline view is that rates will remain stable with some reversal in policy easing possible in late 2013 or even early 2014.



Kind Regards







Steven







Steven Morris Chartered Accountant (SA)



3 Bickley Road
Sea Point

Cape Town

8005



Mobile :+27 83 943 1858

Facsimile : 0866 712 498

E-mail : steven@global.co.za

Website : www.stevenmorris.co.za