Discussion | Market reaction to interest rate cuts

JOHANNESBURG - On Thursday, the Monetary Policy Committee, announced a 25 basis point interest rate cut, as predicated by economists. 

The decision follows a 50 basis point cut by the US Federal Reserve.

Reserve Bank Governor Lesetja Kganyago says the forecast sees rates moving towards neutral next year, and stabilising slightly above 7%.

To give us an economic update on where the markets are post-interest rate cuts and what the outlook is for the rest of the year, Maarten Ackerman Chief Economist at Citadel, spoke to eNCA.