Today more data became available to inform your interest rate decision. The SARB released its leading business cycle indicator. Here is economist John Loos’ take:
The SARB state that 5 of the 10 components that were available to be included in the March indicator increased while 5 decreased. The positive contributing factors were job advertisements, the Composite Leading Indicator of SA’s major trading partners, new passenger vehicle sales, interest rate spread (govt. 10 year bonds minus 91 TB yields), and real M1 money supply.
Read more here.