Interest rates | Two rate cuts likely this year

JOHANNESBURG - Economists expect the Reserve Bank to cut interest rates at least twice before the end of the year.

The latest numbers from the Bureau for Economic Research show a much lower inflation forecast, for the next three-year cycle.

READ: Workers spending 65% of income to service debt

But for now they're still above the South African Reserve Bank’s target range, which could delay the rate cuts.

Nicolaas Van Der Wath from the Bureau for Economic Research discussed this with eNCA.