Reserve Bank to first cut repo rate in November – Reuters poll

South Africa’s Reserve Bank is seen waiting until November before it cuts its repo rate as economists continue to roll back their expectations when policy easing kicks off in response to slowing inflation, a Reuters poll found.

The poll was taken before the African National Congress and its largest rival, the white-led, pro-business Democratic Alliance, agreed on Friday to work together in a new government of national unity, a step change after 30 years of ANC rule.

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