If you lost track of the news stories of the week, our Weekly free lunch post will keep you updated.
This week the main stories formed part of the run-up to the MPC meeting and repo rate decision. There were articles outlining the reasons for a rate cut (slower global growth, eakening trade conditions, greater interest rate differentials) and the maize price hikes that dimmed the hopes for a rate cut. On Thursday afternoon, the SARB announced a 50 basis points reduction in the repo rate. A former colleague and now KPMG economist tweeted:
Not surprised by MPC decision. No other levers. Other countries cutting, interest rate differential widening. Watch food inflation though.—
Lullu Krugel (@LulluKrugel) July 19, 2012
You can read all these stories on our Scoop.it page.