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The South African Reserve Bank’s Monetary Policy Committee (MPC) voted in May 2021 to again keep the repo rate unchanged at 3.5%, its lowest level since the series was introduced in 1998.
The world is recovering from the pandemic and 2021 should see strong global economic growth. The epicentre of the recovery is now the United States, where the new Democratic administration has pushed through Congress a further US$1.9tn spending package, additional to the US$0.9tn approved in December.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?