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Allay Gray has warned South Africans to expect a "short and shallow" rate-cutting cycle as domestic challenges reduce the scope for borrowing costs to fall dramatically from their current 15-year high.
22 Feb
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Allan Gray warns of 'short and shallow' interest rate cutting cycle as state failures weigh
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While the market is predicting the Reserve Bank will cut rates by 75 basis points in 2024 and a further 25 basis points in 2025, that still leaves rates higher than their pre-pandemic levels.
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