Discussion | Market reaction to interest rate cuts

Inclement weather has led to road closures in some parts of KwaZulu-Natal. 
Inclement weather has led to road closures in some parts of KwaZulu-Natal. 
 
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.