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Podcast: First Take SA
Episode: All eyes on South African Reserve Bank as rate decision looms amid rising global uncertainty
Description: All eyes are on the South African Reserve Bank ahead of its interest rate decision later today. It comes at a time when the economic outlook has become significantly more uncertain. Oil prices have surged above 100 US dollars, the rand has weakened toward R17 to the dollar and global bond yields remain elevated. Market indicators now suggest a more cautious outlook, with expectations of prolonged inflationary pressure. To unpack the expectations for us, Elvis Presslin spoke to Independent economist, John LoosÂ