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SARB expected to cut or hold repo rate steady amid global trade tensions

# Economists are expecting the South African Reserve Bank’s Monetary Policy Committee to cut the repo rate by 25 basis points or keep it steady. This is amid domestic and international economic uncertainties. Inflation increased by only 0.2-percent in June to three-percent from 2.8-percent in May and April. Aluma Capital chief economist, Frederick Mitchell, says while domestic conditions support a hold, the complex interplay of international uncertainties, trade policy risks, and domestic inflationary pressures makes any shift unlikely.