MARKET WRAP: JSE drops ahead of US Fed interest rate decision
The Reserve Bank is set to announce its monetary policy decision on Thursday; consensus is for the repo rate to remain unchanged at 6.5%
18 September 2019 - 18:28
The JSE closed lower on Wednesday as investors remained cautious ahead of the US Federal Reserve’s interest rate decision later in the day.
Markets have largely priced in a 25-basis-point cut from the Fed, with the central bank facing pressure from US President Donald Trump to loosen monetary policy after the European Central Bank (ECB) cut its deposit rate by 10 basis points last week. ..
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